Callan Family Office LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 224.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 75,567 shares of the electric vehicle producer’s stock after acquiring an additional 52,294 shares during the period. Tesla makes up about 0.8% of Callan Family Office LLC’s holdings, making the stock its 19th largest holding. Callan Family Office LLC’s holdings in Tesla were worth $24,005,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the business. Means Investment CO. Inc. lifted its stake in Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Siren L.L.C. acquired a new stake in shares of Tesla in the first quarter valued at $2,332,000. Zuckerman Investment Group LLC raised its stake in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Tesla in the first quarter valued at $594,000. Finally, Strs Ohio acquired a new stake in shares of Tesla in the first quarter valued at $205,495,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Stock Performance
Shares of TSLA stock opened at $413.49 on Friday. The stock’s 50-day moving average is $375.97 and its two-hundred day moving average is $327.51. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 239.01, a PEG ratio of 15.81 and a beta of 2.08. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.
Insider Buying and Selling
In related news, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares of the company’s stock, valued at $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last quarter. 19.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have recently issued reports on TSLA shares. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday, July 24th. Dbs Bank increased their price objective on Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. increased their price objective on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Morgan Stanley reissued an “overweight” rating and issued a $410.00 target price on shares of Tesla in a report on Thursday, October 2nd. Finally, Mizuho raised their price target on Tesla from $375.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $354.67.
Check Out Our Latest Stock Analysis on TSLA
About Tesla
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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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