Courier Capital LLC Boosts Stake in Tesla, Inc. $TSLA

Courier Capital LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 599.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,095 shares of the electric vehicle producer’s stock after acquiring an additional 6,080 shares during the period. Courier Capital LLC’s holdings in Tesla were worth $3,155,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TSLA. Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $26,000. LGT Financial Advisors LLC bought a new stake in shares of Tesla in the second quarter worth $29,000. Manning & Napier Advisors LLC acquired a new stake in Tesla in the third quarter valued at $29,000. CoreFirst Bank & Trust bought a new position in Tesla during the 2nd quarter valued at $30,000. Finally, ESL Trust Services LLC grew its holdings in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 2.9%

Shares of NASDAQ:TSLA opened at $431.44 on Thursday. 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 company’s 50-day moving average price is $442.96 and its 200 day moving average price is $401.85. The company has a market cap of $1.43 trillion, a PE ratio of 287.63, a P/E/G ratio of 7.13 and a beta of 1.83. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results 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 firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSLA. Canaccord Genuity Group upped their target price on shares of Tesla from $482.00 to $551.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Stifel Nicolaus increased their target price on Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Truist Financial decreased their target price on Tesla from $444.00 to $439.00 and set a “hold” rating for the company in a research report on Friday, January 2nd. Evercore ISI upped their price target on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Mizuho boosted their target price on shares of Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $410.46.

Read Our Latest Stock Analysis on Tesla

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,457 shares of company stock valued at $53,501,145 in the last quarter. Corporate insiders own 19.90% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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