Lee Financial Co Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Lee Financial Co raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 207.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439 shares of the electric vehicle producer’s stock after buying an additional 296 shares during the quarter. Lee Financial Co’s holdings in Tesla were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Axiom Financial Strategies LLC grew its holdings in Tesla by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after buying an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Tesla by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after buying an additional 164,789 shares in the last quarter. MAS Advisors LLC grew its holdings in shares of Tesla by 25.7% during 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 holdings in shares of Tesla by 33.4% during 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 holdings in shares of Tesla by 6.8% during 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. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s 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 $14,484,090.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the 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 $14,484,090.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Vaibhav Taneja sold 3,768 shares of the stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $670,967.76. Following the completion of the sale, the chief accounting officer now directly owns 95,785 shares in the company, valued at $17,056,434.95. The disclosure for this sale can be found here. Insiders have sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 over the last ninety days. Company insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several recent analyst reports. Oppenheimer lowered Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, December 19th. Global Equities Research reissued a “buy” rating on shares of Tesla in a report on Tuesday, November 8th. Wolfe Research cut their price objective on Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Guggenheim downgraded Tesla from a “neutral” rating to a “sell” rating in a research report on Friday, January 13th. Finally, Wells Fargo & Company dropped their target price on Tesla from $230.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, January 13th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $218.29.

Tesla Price Performance

Shares of TSLA stock opened at $133.42 on Monday. The stock has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02. The business’s fifty day moving average is $150.72 and its 200 day moving average is $221.87. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

About Tesla

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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.