Greenup Street Wealth Management LLC Sells 3,902 Shares of Tesla, Inc. $TSLA

Greenup Street Wealth Management LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 22.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,610 shares of the electric vehicle producer’s stock after selling 3,902 shares during the period. Tesla comprises 0.9% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Greenup Street Wealth Management LLC’s holdings in Tesla were worth $6,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TSLA. Chapman Financial Group LLC purchased a new stake in Tesla in the second quarter worth $26,000. Chelsea Counsel Co. raised its stake in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new stake in Tesla during the second quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in Tesla during the second quarter worth about $30,000. Finally, ESL Trust Services LLC increased its stake in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $470.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 19th. UBS Group restated a “sell” rating on shares of Tesla in a research report on Tuesday. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Mizuho boosted their price objective on Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Finally, TD Cowen raised their target price on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $414.50.

Read Our Latest Report on TSLA

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $475.19 on Friday. The stock has a market cap of $1.58 trillion, a P/E ratio of 316.79, a PEG ratio of 12.01 and a beta of 1.87. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $444.97 and its two-hundred day moving average price is $386.90. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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