S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Route to Super Bowl dangerous for Mexico's avocado haulers
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Route to Super Bowl dangerous for Mexico's avocado haulers
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Route to Super Bowl dangerous for Mexico's avocado haulers
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Route to Super Bowl dangerous for Mexico's avocado haulers
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Europe bans Russian diesel, other oil products over Ukraine
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
Evacuations urged in Ohio town as train wreck smolders
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
'Knock at the Cabin' knocks off 'Avatar' at the box office

Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Red Wave Investments LLC

Red Wave Investments LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Get Rating) by 193.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,248 shares of the electric vehicle producer's stock after acquiring an additional 2,143 shares during the period. Red Wave Investments LLC's holdings in Tesla were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Means Investment CO. Inc. grew its stake in shares of Tesla by 219.9% during the third quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer's stock worth $1,712,000 after purchasing an additional 4,437 shares in the last quarter. Physicians Financial Services Inc. grew its stake in shares of Tesla by 125.6% during the third quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer's stock worth $666,000 after purchasing an additional 1,398 shares in the last quarter. Hancock Whitney Corp lifted its position in Tesla by 234.4% in the third quarter. Hancock Whitney Corp now owns 6,794 shares of the electric vehicle producer's stock valued at $1,802,000 after acquiring an additional 4,762 shares during the last quarter. Alaethes Wealth LLC lifted its position in Tesla by 45.1% in the second quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer's stock valued at $368,000 after acquiring an additional 170 shares during the last quarter. Finally, Symphony Financial Ltd. Co. lifted its position in Tesla by 56.4% in the third quarter. Symphony Financial Ltd. Co. now owns 3,115 shares of the electric vehicle producer's stock valued at $835,000 after acquiring an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 43.00% of the company's stock.

Wall Street Analysts Forecast Growth


TSLA has been the subject of a number of research reports. Cowen reduced their price target on shares of Tesla from $205.00 to $122.00 in a research report on Tuesday, January 3rd. Oppenheimer cut shares of Tesla from an "outperform" rating to a "market perform" rating in a research report on Monday, December 19th. Wells Fargo & Company reduced their price target on shares of Tesla from $230.00 to $130.00 and set an "equal weight" rating for the company in a research report on Friday, January 13th. Citigroup reduced their price target on shares of Tesla from $176.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, January 13th. Finally, Wedbush reduced their target price on shares of Tesla from $250.00 to $175.00 and set an "outperform" rating for the company in a report on Friday, December 23rd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus target price of $216.60.

Insiders Place Their Bets

In other Tesla news, CFO Zachary Kirkhorn sold 3,752 shares of the company's stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total value of $410,131.12. Following the sale, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Vaibhav Taneja sold 3,768 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $670,967.76. Following the completion of the sale, the chief accounting officer now owns 95,785 shares in the company, valued at $17,056,434.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,172,833 shares of company stock worth $4,492,567,309. 25.10% of the stock is owned by company insiders.

Tesla Trading Up 0.1 %

Shares of TSLA opened at $143.89 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average is $148.77 and its two-hundred day moving average is $220.41. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The firm has a market capitalization of $454.37 billion, a P/E ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02.

Tesla Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Tesla right now?

Before you consider Tesla, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.

While Tesla currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.

Get This Free Report
20 Stocks to Sell Now Cover

Tesla Stock: Could This Be a Buying Opportunity?

Laycee and Chris from MarketBeat discuss the state of Tesla stock. TSLA stock is down 68% in 2022 and company skeptics believe it deserves to fall much further.

Featured Articles and Offers

Search Headlines: