Moody Lynn & Lieberson LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Moody Lynn & Lieberson LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,003 shares of the electric vehicle producer’s stock, valued at approximately $2,828,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLA. Transcendent Capital Group LLC purchased a new position in Tesla in the third quarter valued at about $29,000. Clean Yield Group boosted its position in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Tesla during the 3rd quarter worth $35,000. M&R Capital Management Inc. increased its position in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Tesla in the 2nd quarter valued at approximately $48,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSLA shares. Wells Fargo & Company upped their price target on shares of Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price for the company in a research note on Monday, January 6th. HSBC reiterated a “reduce” rating and set a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. Morgan Stanley upped their target price on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $313.84.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock worth $212,451,751 over the last three months. Company insiders own 20.70% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $398.31 on Wednesday. The business’s fifty day moving average price is $399.99 and its 200 day moving average price is $295.57. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a market capitalization of $1.28 trillion, a PE ratio of 109.13, a P/E/G ratio of 8.42 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla 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.