Harel Insurance Investments & Financial Services Ltd. reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,662 shares of the electric vehicle producer's stock after selling 2,892 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Tesla were worth $4,306,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Tesla by 5.9% during the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer's stock worth $247,000 after purchasing an additional 70 shares during the last quarter. Ascent Group LLC raised its holdings in shares of Tesla by 29.8% during the 2nd quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer's stock worth $2,544,000 after buying an additional 2,953 shares in the last quarter. Aviso Wealth Management lifted its position in shares of Tesla by 0.6% during the 2nd quarter. Aviso Wealth Management now owns 12,089 shares of the electric vehicle producer's stock worth $2,392,000 after buying an additional 72 shares during the last quarter. Chicago Wealth Management Inc. lifted its holdings in shares of Tesla by 2.5% in the second quarter. Chicago Wealth Management Inc. now owns 3,075 shares of the electric vehicle producer's stock worth $608,000 after acquiring an additional 75 shares during the last quarter. Finally, Buck Wealth Strategies LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $357,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock worth $212,451,751 over the last 90 days. Corporate insiders own 20.70% of the company's stock.
Tesla Stock Performance
Shares of TSLA traded down $9.43 during mid-day trading on Monday, hitting $397.15. The stock had a trading volume of 57,884,790 shares, compared to its average volume of 75,735,914. The firm has a market cap of $1.27 trillion, a P/E ratio of 108.81, a PEG ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The business has a fifty day moving average price of $398.82 and a 200-day moving average price of $294.47.
Analyst Ratings Changes
A number of brokerages have weighed in on TSLA. Phillip Securities lowered shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their price objective on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Barclays upped their target price on Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 15th. Royal Bank of Canada boosted their price target on Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a report on Friday, November 15th. Finally, Cantor Fitzgerald raised their price objective on shares of Tesla from $255.00 to $365.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $313.84.
Read Our Latest Stock Analysis on TSLA
Tesla Company Profile
(
Free Report)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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