5 hours Ago By ABMN Staff
Diversify Wealth Management LLC lifted its holdings in shares of Tesla, Inc. ( NASDAQ:TSLA – Free Report ) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 24,950 shares of the electric vehicle producer’s stock after purchasing an additional 872 shares during the quarter. Tesla comprises about 0.8% of Diversify Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position.
Diversify Wealth Management LLC’s holdings in Tesla were worth $9,849,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company. Acropolis Investment Management LLC raised its position in shares of Tesla by 0.
9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock worth $1,136,000 after buying an additional 25 shares during the period. Mount Vernon Associates Inc.
MD increased its position in Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc.
MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after purchasing an additional 25 shares in the last quarter. Connable Office Inc. raised its holdings in Tesla by 0.
3% in the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer’s stock valued at $3,368,000 after buying an additional 38 shares during the period.
Community Bank N.A. lifted its position in Tesla by 4.
4% during the third quarter. Community Bank N.A.
now owns 908 shares of the electric vehicle producer’s stock valued at $238,000 after buying an additional 38 shares in the last quarter. Finally, Holistic Financial Partners grew its stake in Tesla by 1.0% during the third quarter.
Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer’s stock worth $1,061,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Price Performance TSLA stock opened at $424.07 on Wednesday. The firm has a 50-day moving average of $391.
47 and a two-hundred day moving average of $290.05. The firm has a market capitalization of $1.
36 trillion, a PE ratio of 116.18, a P/E/G ratio of 8.60 and a beta of 2.
30. The company has a current ratio of 1.84, a quick ratio of 1.
37 and a debt-to-equity ratio of 0.08. Tesla, Inc.
has a one year low of $138.80 and a one year high of $488.54.
Analyst Ratings Changes A number of research firms recently weighed in on TSLA. Wells Fargo & Company raised their price target on shares of Tesla from $120.00 to $125.
00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.
00 target price on shares of Tesla in a report on Thursday, October 3rd. Barclays upped their price target on Tesla from $270.00 to $325.
00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price for the company in a research note on Thursday, October 24th.
Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.
com, the company currently has an average rating of “Hold” and a consensus target price of $304.94. Read Our Latest Stock Analysis on Tesla Insider Buying and Selling at Tesla In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th.
The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00.
Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 3.67 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th.
The shares were sold at an average price of $314.44, for a total value of $35,339,911.60.
Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 621,886 shares of company stock valued at $213,451,751 in the last quarter. Company insiders own 20.
70% of the company’s stock. About Tesla ( Free Report ) Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. Featured Stories Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc.
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