PFG Investments LLC Purchases 1,739 Shares of Tesla, Inc. $TSLA

PFG Investments LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,013 shares of the electric vehicle producer’s stock after purchasing an additional 1,739 shares during the period. Tesla makes up approximately 3.1% of PFG Investments LLC’s investment portfolio, making the stock its 4th biggest position. PFG Investments LLC’s holdings in Tesla were worth $60,488,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after buying an additional 4,502,976 shares during the last quarter. Geode Capital Management LLC grew its position in Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after acquiring an additional 1,269,304 shares during the last quarter. Norges Bank bought a new position in shares of Tesla in the second quarter worth about $11,839,824,000. Legal & General Group Plc boosted its stake in shares of Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after purchasing an additional 1,134,678 shares in the last quarter. Finally, Amundi grew its holdings in shares of Tesla by 20.4% during the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is currently owned by company insiders.

Tesla Trading Down 0.1%

Shares of TSLA stock opened at $449.06 on Monday. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.49 trillion, a price-to-earnings ratio of 299.37, a PEG ratio of 7.63 and a beta of 1.83. The stock has a 50-day moving average of $444.81 and a 200-day moving average of $404.75.

More Tesla News

Here are the key news stories impacting Tesla this week:

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Tesla in a research note on Monday, November 17th. Industrial Alliance Securities set a $300.00 price target on Tesla in a research note on Monday, October 13th. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, January 2nd. UBS Group reaffirmed a “sell” rating and issued a $307.00 target price (up previously from $247.00) on shares of Tesla in a report on Wednesday, January 14th. Finally, Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Eighteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $410.77.

View Our Latest Report on TSLA

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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