Tesla, Inc. $TSLA Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 8.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,144 shares of the electric vehicle producer’s stock after buying an additional 2,086 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Tesla were worth $12,516,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after acquiring an additional 23 shares during the last quarter. Equita Financial Network Inc. lifted its holdings in Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares in the last quarter. VanderPol Investments L.L.C. boosted its stake in shares of Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Tesla by 0.3% during the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after buying an additional 23 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in shares of Tesla by 4.1% in the third quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Industrial Alliance Securities set a $300.00 price objective on Tesla in a report on Monday, October 13th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a research note on Monday, January 5th. Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Melius Research set a $520.00 price target on Tesla and gave the company a “buy” rating in a report on Monday, October 13th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $410.77.

View Our Latest Stock Report on Tesla

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

TSLA opened at $435.20 on Tuesday. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a 50 day moving average of $445.33 and a two-hundred day moving average of $405.63. The company has a market cap of $1.45 trillion, a P/E ratio of 290.13, a P/E/G ratio of 7.63 and a beta of 1.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

About Tesla

(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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