CFM Wealth Partners LLC Has $2.06 Million Holdings in Tesla, Inc. $TSLA

CFM Wealth Partners LLC lessened its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,622 shares of the electric vehicle producer’s stock after selling 2,324 shares during the quarter. CFM Wealth Partners LLC’s holdings in Tesla were worth $2,055,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla during the second quarter valued at $26,000. LGT Financial Advisors LLC acquired a new stake in Tesla during the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC purchased a new position in Tesla during the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 2nd quarter valued at about $30,000. Finally, ESL Trust Services LLC lifted its position 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. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TSLA shares. Barclays reiterated a “neutral” rating on shares of Tesla in a research note on Friday, January 23rd. Mizuho upped their price target on shares of Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Wells Fargo & Company reissued an “underweight” rating and set a $130.00 price objective (up previously from $120.00) on shares of Tesla in a research report on Monday, January 12th. The Goldman Sachs Group upped their target price on Tesla from $400.00 to $420.00 in a research report on Friday, January 2nd. Finally, HSBC reiterated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $410.77.

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Tesla Stock Performance

Shares of NASDAQ TSLA opened at $430.90 on Wednesday. The business’s 50-day simple moving average is $445.92 and its 200-day simple moving average is $406.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 287.27, a P/E/G ratio of 7.40 and a beta of 1.83.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,457 shares of company stock valued at $53,501,145 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

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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