Cyndeo Wealth Partners LLC Has $9.12 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Cyndeo Wealth Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,573 shares of the electric vehicle producer’s stock after buying an additional 1,728 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Tesla were worth $9,116,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Kathmere Capital Management LLC increased its holdings in Tesla by 5.9% in the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock worth $247,000 after buying an additional 70 shares during the last quarter. Ascent Group LLC grew its position in Tesla by 29.8% in the second quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer’s stock worth $2,544,000 after acquiring an additional 2,953 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in shares of Tesla by 162.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 11,799 shares of the electric vehicle producer’s stock worth $2,335,000 after purchasing an additional 7,303 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Tesla by 1.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 249,279 shares of the electric vehicle producer’s stock valued at $49,327,000 after purchasing an additional 2,349 shares during the last quarter. Finally, Invst LLC boosted its holdings in Tesla by 23.6% in the second quarter. Invst LLC now owns 6,188 shares of the electric vehicle producer’s stock worth $1,299,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total value of $975,191.26. Following the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSLA. Mizuho upgraded Tesla from a “neutral” rating to an “outperform” rating and raised their target price for the company from $230.00 to $515.00 in a report on Tuesday, December 17th. Canaccord Genuity Group boosted their target price on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and upped their target price for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Stifel Nicolaus boosted their price objective on shares of Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $313.84.

Tesla Stock Down 2.3 %

TSLA opened at $397.15 on Tuesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.81, a PEG ratio of 8.42 and a beta of 2.30. The firm’s 50-day simple moving average is $398.82 and its 200-day simple moving average is $294.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla Company Profile

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.