Moody Lynn & Lieberson LLC Invests $2.83 Million in Tesla, Inc. (NASDAQ:TSLA)

Moody Lynn & Lieberson LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 7,003 shares of the electric vehicle producer’s stock, valued at approximately $2,828,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Quarry LP purchased a new stake in Tesla in the second quarter valued at approximately $48,000. Kimelman & Baird LLC purchased a new position in Tesla during the 2nd quarter worth $74,000. Truist Financial Corp lifted its stake in shares of Tesla by 5.0% in the 2nd quarter. Truist Financial Corp now owns 604,935 shares of the electric vehicle producer’s stock worth $119,705,000 after acquiring an additional 28,650 shares during the period. Advisory Alpha LLC raised its holdings in Tesla by 13.5% during the second quarter. Advisory Alpha LLC now owns 13,305 shares of the electric vehicle producer’s stock worth $2,633,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Ted Buchan & Co acquired a new stake in Tesla in the second quarter valued at about $308,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the transaction, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $398.31 on Wednesday. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 109.13, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a 50 day moving average price of $399.99 and a 200 day moving average price of $295.57. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSLA. Barclays increased their target price on Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Robert W. Baird boosted their target price on shares of Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Glj Research reiterated a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price target on shares of Tesla from $249.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $313.84.

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.