Whittier Trust Co. of Nevada Inc. Increases Stock Holdings in Tesla, Inc. $TSLA

Whittier Trust Co. of Nevada Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,168 shares of the electric vehicle producer’s stock after buying an additional 5,650 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Tesla were worth $28,441,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after buying an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares during the period. Norges Bank purchased a new position in Tesla in the second quarter worth $11,839,824,000. Legal & General Group Plc grew its stake in Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after purchasing an additional 1,134,678 shares during the period. Finally, Amundi increased its position in shares of Tesla by 20.4% during the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on shares of Tesla from $482.00 to $551.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Piper Sandler reissued an “overweight” rating and set a $500.00 target price on shares of Tesla in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, December 19th. CICC Research increased their price target on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, Barclays reaffirmed a “neutral” rating on shares of Tesla in a report on Friday. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $410.77.

Check Out Our Latest Stock Report on Tesla

Tesla Price Performance

Shares of NASDAQ TSLA opened at $434.85 on Tuesday. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 290.57, a P/E/G ratio of 7.63 and a beta of 1.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $445.33 and its two-hundred day simple moving average is $405.63. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 119,457 shares of company stock valued at $53,501,145 over the last three months. 19.90% of the stock is owned by corporate insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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