Meeder Advisory Services Inc. Acquires 2,346 Shares of Tesla, Inc. $TSLA

Meeder Advisory Services Inc. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 51,615 shares of the electric vehicle producer’s stock after buying an additional 2,346 shares during the period. Tesla makes up approximately 1.1% of Meeder Advisory Services Inc.’s holdings, making the stock its 22nd biggest holding. Meeder Advisory Services Inc.’s holdings in Tesla were worth $22,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC bought a new stake in Tesla in the 3rd quarter valued at $32,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC bought a new stake in shares of Tesla in the second quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the second quarter worth about $30,000. Finally, ESL Trust Services LLC grew its holdings in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on TSLA. Glj Research restated a “sell” rating and issued a $25.28 target price (up previously from $19.05) on shares of Tesla in a research note on Wednesday, January 7th. President Capital cut their price objective on shares of Tesla from $529.00 to $517.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. HSBC reaffirmed a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. Royal Bank Of Canada reissued a “buy” rating and set a $500.00 price target on shares of Tesla in a research report on Friday, January 2nd. Finally, Melius Research set a $520.00 price objective on Tesla and gave the company a “buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $408.54.

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Tesla News Roundup

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Tesla Stock Down 0.4%

Tesla stock opened at $447.20 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company’s 50-day moving average is $443.95 and its 200-day moving average is $397.34. The firm has a market capitalization of $1.49 trillion, a PE ratio of 298.13, a P/E/G ratio of 7.46 and a beta of 1.83. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla Company Profile

(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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