The shares were sold at an average price of $350.80, for a total value of $158,561.60.
Volume on U.S. exchanges was 6.9 billion shares, compared with an average of 7.0 billion shares over the last 20 trading days.
Morgan Stanley now aims to produce returns on equity of 13-15% through 2022, and 15-17% after that. Also, insider Jerome M. Guillen sold 2,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $427.47, for a total transaction of $854,940.00. He also lowered his valuation for the company's mobility unit and increased his expectations for the core auto business, resulting in a higher target price. Nord/LB set a $195.00 price objective on Tesla and gave the stock a "sell" rating in a research report on Monday, October 7th.
Facebook Decides Not to Sell Ads on WhatsApp
Before the acquisition, WhatsApp was initially a paid-for app and later transitioned to a $0.99 annual subscription service. Since Facebook acquired WhatsApp in 2014, multiple reports have surfaced about possible plans to monetise the platform.
Google parent Alphabet hits US$1 trillion market cap
According to a business channel, analysts are bullish on the company's newly appointed CEO Pichai. Shares of Google climbed 34.5 percent in 2019, and are up just under 6 percent so far in 2020.
Horizon Zero Dawn reportedly releasing for PC this year
Horizon Zero Dawn is a bit of a slow burn, but there's more to Guerrilla Games' latest than just its staggeringly pretty graphics. A report by Kotaku's Jason Schreier today revealed that Sony is planning to bring PS4 exclusive Horizon Zero Dawn to PC.
The financial markets during the last three months of 2019 were good for banks, and Morgan Stanley's results were no exception. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Canaccord Genuity upped their price target on Tesla from $375.00 to $515.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Also, insider Keishi Hotsuki sold 26,000 shares of the stock in a transaction on Wednesday, November 27th. The stock had a trading volume of 10,513,127 shares, compared to its average volume of 14,797,238. Principle Wealth Partners LLC raised its position in Morgan Stanley by 29.7% in the third quarter. Alpha Windward LLC acquired a new stake in Tesla during the 4th quarter valued at $36,000. Corporate insiders own 24.40% of the company's stock. Private Capital Group LLC now owns 122 shares of the electric vehicle producer's stock valued at $42,000 after buying an additional 64 shares during the last quarter. The disclosure for this sale can be found here. Pictet Asset Management Ltd. now owns 650,809 shares of the financial services provider's stock valued at $27,770,000 after purchasing an additional 35,000 shares during the period.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia.
On Thursday morning, the wirehouse firm said it had set a goal to convert one million of those stock-plan investors to wealth-management relationships over the next five to seven years, through a variety of offerings on Morgan Stanley's expanding platform.