Tesla, Inc. $TSLA Stock Position Raised by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,177,647 shares of the electric vehicle producer’s stock after buying an additional 2,238 shares during the quarter. Tesla makes up about 55.5% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its largest holding. Sloy Dahl & Holst LLC’s holdings in Tesla were worth $523,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in Tesla during the 2nd quarter worth $26,000. LGT Financial Advisors LLC bought a new stake in Tesla in the second quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new stake in Tesla during the second quarter valued at approximately $30,000. ESL Trust Services LLC raised its stake in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Tesla in the 2nd quarter worth approximately $32,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the 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 owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI raised their price objective on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, December 19th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price objective on shares of Tesla and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $414.50.

Check Out Our Latest Report on Tesla

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Shares of TSLA stock opened at $485.56 on Wednesday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The firm has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 323.71, a price-to-earnings-growth ratio of 12.35 and a beta of 1.87. The business has a 50 day simple moving average of $442.16 and a 200 day simple moving average of $383.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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