Hartline Investment Corp Has $601,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Hartline Investment Corp raised its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 213.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,265 shares of the electric vehicle producer’s stock after acquiring an additional 1,543 shares during the quarter. Hartline Investment Corp’s holdings in Tesla were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Horan Securities Inc. lifted its stake in shares of Tesla by 164.3% in the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 23 shares during the last quarter. TFO TDC LLC acquired a new stake in shares of Tesla in the second quarter worth $27,000. BCR Wealth Strategies LLC lifted its stake in shares of Tesla by 916.7% in the second quarter. BCR Wealth Strategies LLC now owns 61 shares of the electric vehicle producer’s stock worth $41,000 after buying an additional 55 shares during the last quarter. Clearview Wealth Advisors LLC lifted its stake in shares of Tesla by 48.8% in the second quarter. Clearview Wealth Advisors LLC now owns 64 shares of the electric vehicle producer’s stock worth $43,000 after buying an additional 21 shares during the last quarter. Finally, Wellington Shields & Co. LLC bought a new position in Tesla during the second quarter worth $48,000. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tesla news, CEO Elon Musk sold 9,650,000 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now owns 455,467,432 shares of the company’s stock, valued at $95,001,396,966.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is owned by insiders.

Tesla Trading Up 4.9 %

NASDAQ TSLA opened at $133.42 on Monday. The company has a market cap of $421.31 billion, a PE ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $384.29. The stock has a 50 day moving average of $150.72 and a 200-day moving average of $221.87.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research reports. Daiwa Capital Markets dropped their target price on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Evercore ISI dropped their target price on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 20th. Roth Capital boosted their target price on shares of Tesla from $83.33 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Piper Sandler dropped their target price on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 18th. Finally, StockNews.com started coverage on shares of Tesla in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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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