Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Zimmermann Investment Management & Planning LLC

Zimmermann Investment Management & Planning LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 296.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,298 shares of the electric vehicle producer’s stock after buying an additional 3,214 shares during the quarter. Zimmermann Investment Management & Planning LLC’s holdings in Tesla were worth $1,140,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TSLA. Jennison Associates LLC grew its holdings in Tesla by 200.2% during the 3rd quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after purchasing an additional 19,711,687 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Tesla by 196.4% during the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after purchasing an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Tesla by 10.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock valued at $9,584,845,000 after purchasing an additional 1,317,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Tesla by 189.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after acquiring an additional 6,125,732 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Tesla by 2.5% during the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock worth $9,455,380,000 after acquiring an additional 216,282 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSLA. Wedbush decreased their price objective on shares of Tesla from $250.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, December 23rd. Robert W. Baird decreased their price objective on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a report on Wednesday, December 28th. Wolfe Research decreased their price objective on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Daiwa Capital Markets decreased their price objective on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a report on Tuesday, December 20th. Finally, Piper Sandler decreased their price objective on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, January 18th. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $218.29.

Tesla Stock Performance

Shares of TSLA opened at $133.42 on Monday. The firm’s 50 day moving average is $150.72 and its 200-day moving average is $221.87. The stock 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. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29.

Insider Transactions at Tesla

In other news, CAO Vaibhav Taneja sold 3,768 shares of Tesla 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 $670,967.76. Following the transaction, the chief accounting officer now owns 95,785 shares of the company’s stock, valued at approximately $17,056,434.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Vaibhav Taneja sold 3,768 shares of Tesla 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 $670,967.76. Following the transaction, the chief accounting officer now owns 95,785 shares of the company’s stock, valued at approximately $17,056,434.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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. Insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309 in the last quarter. Insiders own 25.10% of the company’s stock.

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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