Paragon Private Wealth Management LLC Acquires 1,643 Shares of Tesla, Inc. (NASDAQ:TSLA)

Paragon Private Wealth Management LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 226.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,369 shares of the electric vehicle producer’s stock after purchasing an additional 1,643 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Tesla were worth $527,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TSLA. Cranbrook Wealth Management LLC grew its holdings in Tesla by 224.1% in the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Coston McIsaac & Partners grew its holdings in Tesla by 200.0% in the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 64 shares during the last quarter. Horan Securities Inc. grew its holdings in shares of Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. West Oak Capital LLC purchased a new stake in shares of Tesla during the third quarter valued at $27,000. Finally, Norway Savings Bank grew its holdings in shares of Tesla by 200.0% during the third quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 70 shares during the last quarter. Institutional investors own 43.00% of the company’s stock.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 1,312 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the sale, the senior vice president now owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 1,312 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the sale, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA opened at $143.89 on Wednesday. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29. The stock has a market cap of $454.37 billion, a PE ratio of 44.46, a P/E/G ratio of 1.18 and a beta of 2.02. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $148.77 and a 200 day moving average of $220.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, January 5th. TheStreet lowered shares of Tesla from a “b-” rating to a “c+” rating in a report on Tuesday, November 1st. Guggenheim lowered shares of Tesla from a “neutral” rating to a “sell” rating in a report on Friday, January 13th. Piper Sandler dropped their price objective on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating on the stock in a report on Tuesday, January 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $216.60.

About Tesla

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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