Legacy Capital Group California Inc. Grows Holdings in Tesla, Inc. $TSLA
- by lulegacy
- Mar 07, 2026
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Key Points
Legacy Capital Group California boosted its stake in Tesla by 73.1% in Q3, buying an additional 1,663 shares to hold 3,937 shares worth about $1.75 million.
Significant insider selling occurred recently: Director Kathleen Wilson‑Thompson sold 25,731 shares (~$10.7M) and James R. Murdoch sold 60,000 shares (~$26.7M), with insiders offloading 145,188 shares (~$64.2M) in the past three months (insiders now own 19.9%).
Analyst and market signals are mixed: Bank of America initiated a Buy at $460 while BNP Paribas Exane cut its target to $280 with an Underperform, leaving the consensus average target near $406.84 and option-market put premiums elevated. MarketBeat Week in Review – 03/02 - 03/06
In other news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares of the company's stock, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at $257,009,607.40. This represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 145,188 shares of company stock valued at $64,193,919. 19.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have issued reports on TSLA shares. BNP Paribas Exane decreased their price target on Tesla from $313.00 to $280.00 and set an "underperform" rating on the stock in a research note on Monday, March 2nd. Bank of America started coverage on shares of Tesla in a report on Wednesday. They set a "buy" rating and a $460.00 price objective on the stock. DZ Bank restated a "sell" rating on shares of Tesla in a report on Thursday, January 29th. William Blair reaffirmed a "market perform" rating on shares of Tesla in a research note on Friday, January 2nd. Finally, Stifel Nicolaus set a $508.00 price target on shares of Tesla in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $406.84.
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