Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,357 shares of the electric vehicle producer’s stock, valued at approximately $282,000.
Other institutional investors and hedge funds have also modified their holdings of the company. MidWestOne Financial Group Inc. grew its stake in Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after buying an additional 15 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock valued at $1,329,000 after purchasing an additional 42 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Tesla by 22.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock valued at $283,000 after purchasing an additional 48 shares in the last quarter. Johnson Bixby & Associates LLC boosted its stake in shares of Tesla by 2.1% in the 1st quarter. Johnson Bixby & Associates LLC now owns 2,769 shares of the electric vehicle producer’s stock valued at $574,000 after purchasing an additional 56 shares in the last quarter. Finally, Bridgeworth LLC boosted its stake in shares of Tesla by 1.0% in the 1st quarter. Bridgeworth LLC now owns 6,038 shares of the electric vehicle producer’s stock valued at $1,253,000 after purchasing an additional 57 shares in the last quarter. 41.87% of the stock is currently owned by institutional investors and hedge funds.
Tesla Stock Down 1.2 %
TSLA stock opened at $248.50 on Friday. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $313.80. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $256.44 and its 200-day moving average is $218.09. The firm has a market capitalization of $788.74 billion, a PE ratio of 70.40, a P/E/G ratio of 3.92 and a beta of 2.09.
Insider Activity at Tesla
In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the sale, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at $16,249,350.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the sale, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at $16,249,350.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 1,065 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total value of $265,845.30. Following the sale, the senior vice president now directly owns 59,540 shares of the company’s stock, valued at $14,862,374.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,315 shares of company stock valued at $15,034,135. 25.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TSLA. Morgan Stanley restated an “equal weight” rating and issued a $250.00 price target on shares of Tesla in a research note on Friday, July 21st. Wedbush boosted their price target on shares of Tesla from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. Wells Fargo & Company boosted their price target on shares of Tesla from $170.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Monday, July 17th. Canaccord Genuity Group boosted their target price on shares of Tesla from $257.00 to $293.00 and gave the company a “buy” rating in a research report on Monday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesla from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, July 3rd. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $233.77.
Get Our Latest Analysis on TSLA
Tesla Profile
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.
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