Tesla, Inc. $TSLA Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 12.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,418 shares of the electric vehicle producer’s stock after selling 1,936 shares during the quarter. Dakota Wealth Management’s holdings in Tesla were worth $5,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSLA. Narwhal Capital Management raised its holdings in Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock valued at $4,232,000 after acquiring an additional 2,350 shares during the last quarter. Norges Bank purchased a new stake in shares of Tesla in the second quarter valued at approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Tesla by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after purchasing an additional 22,607 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in Tesla by 1,823.0% during the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after buying an additional 64,772 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after buying an additional 3,935 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TSLA. Evercore raised their target price on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. President Capital decreased their target price on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Wells Fargo & Company dropped their price target on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Finally, Dbs Bank raised shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $408.09.

Check Out Our Latest Stock Analysis on TSLA

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction that occurred on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock valued at $53,501,145 in the last three months. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Performance

NASDAQ:TSLA opened at $409.38 on Wednesday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The company has a 50 day moving average price of $437.53 and a 200 day moving average price of $420.08. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 379.06, a PEG ratio of 14.13 and a beta of 1.86.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current 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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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