Choreo LLC Purchases 6,759 Shares of Tesla, Inc. (NASDAQ:TSLA)

Choreo LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,616 shares of the electric vehicle producer’s stock after buying an additional 6,759 shares during the quarter. Choreo LLC’s holdings in Tesla were worth $6,117,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wyrmwood Management LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new position in Tesla during the 4th quarter worth $25,000. Mendota Financial Group LLC increased its position in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. purchased a new stake in shares of Tesla during the third quarter worth about $53,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by corporate insiders.

Tesla Stock Up 17.9 %

Shares of Tesla stock traded up $30.09 during trading on Monday, hitting $198.38. 150,110,693 shares of the stock were exchanged, compared to its average volume of 103,749,352. The stock has a market cap of $632.67 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40. The firm’s 50-day moving average price is $175.04 and its 200 day moving average price is $207.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSLA. Jefferies Financial Group decreased their price target on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Truist Financial cut their price objective on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. TD Cowen cut their price target on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Finally, HSBC decreased their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $184.32.

Tesla Profile

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.