Quantum Private Wealth LLC Buys 962 Shares of Tesla, Inc. (NASDAQ:TSLA)

Quantum Private Wealth LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,443 shares of the electric vehicle producer’s stock after acquiring an additional 962 shares during the quarter. Quantum Private Wealth LLC’s holdings in Tesla were worth $382,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Axiom Financial Strategies LLC increased its stake in Tesla by 9.8% in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Tesla by 19.7% in 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 during the last quarter. MAS Advisors LLC increased its stake in Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC increased its stake in Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after buying an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after buying an additional 4,593 shares during the last quarter. 43.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TSLA shares. StockNews.com started coverage on shares of Tesla in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Roth Capital boosted their price objective on shares of Tesla from $83.33 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, October 20th. Wells Fargo & Company lowered their price objective on shares of Tesla from $230.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, January 13th. Cowen lowered their price objective on shares of Tesla from $205.00 to $122.00 in a research note on Tuesday, January 3rd. Finally, Cowen lowered their price objective on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating on the stock in a research note on Thursday, October 20th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $218.29.

Tesla Stock Performance

NASDAQ TSLA opened at $133.42 on Monday. The firm has a 50-day moving average price of $150.72 and a two-hundred day moving average price of $221.87. Tesla, Inc. has a 12-month low of $101.81 and a 12-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. The company has a market capitalization of $421.31 billion, a P/E ratio of 41.22, a P/E/G ratio of 1.10 and a beta of 2.02.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. 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. Company insiders own 25.10% of the company’s stock.

Tesla 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.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAGet Rating).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.