Clarity Wealth Advisors LLC Acquires 6,595 Shares of Tesla, Inc. (NASDAQ:TSLA)

Clarity Wealth Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 199.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,909 shares of the electric vehicle producer’s stock after buying an additional 6,595 shares during the period. Tesla accounts for 1.6% of Clarity Wealth Advisors LLC’s portfolio, making the stock its 19th largest position. Clarity Wealth Advisors LLC’s holdings in Tesla were worth $2,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Axiom Financial Strategies LLC grew its stake in Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after purchasing an additional 164,789 shares in the last quarter. MAS Advisors LLC grew its stake in Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after purchasing an additional 81 shares in the last quarter. Ergoteles LLC grew its stake in Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after purchasing an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.

Tesla Trading Up 4.9 %

Shares of Tesla stock opened at $133.42 on Monday. The firm has a market capitalization of $421.31 billion, a PE ratio of 41.22, a P/E/G ratio of 1.10 and a beta of 2.02. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The firm’s 50-day moving average price is $150.72 and its 200 day moving average price is $221.87. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total value of $2,414,475.00. Following the transaction, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tesla news, SVP Andrew D. Baglino sold 1,312 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the transaction, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now directly owns 62,988 shares in the company, valued at $14,484,090.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Tesla from $250.00 to $220.00 in a report on Thursday. Jefferies Financial Group lowered their target price on Tesla from $350.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, January 17th. Canaccord Genuity Group lowered their target price on Tesla from $304.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, December 22nd. Truist Financial lowered their target price on Tesla from $348.00 to $299.00 and set a “buy” rating for the company in a report on Tuesday, January 3rd. Finally, Robert W. Baird decreased their price objective on Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a report on Wednesday, December 28th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $218.29.

Tesla Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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