Bartlett & CO. Wealth Management LLC Has $14.03 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Bartlett & CO. Wealth Management LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,731 shares of the electric vehicle producer's stock after selling 629 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Tesla were worth $14,026,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GoalVest Advisory LLC increased its holdings in Tesla by 30.1% in the 4th quarter. GoalVest Advisory LLC now owns 10,173 shares of the electric vehicle producer's stock valued at $4,108,000 after purchasing an additional 2,352 shares in the last quarter. Eagle Capital Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $331,000. Evolution Wealth Advisors LLC raised its holdings in shares of Tesla by 48.1% during the 4th quarter. Evolution Wealth Advisors LLC now owns 7,061 shares of the electric vehicle producer's stock valued at $2,856,000 after buying an additional 2,293 shares during the period. Paragon Financial Partners Inc. lifted its position in Tesla by 71.3% during the 4th quarter. Paragon Financial Partners Inc. now owns 2,313 shares of the electric vehicle producer's stock worth $934,000 after acquiring an additional 963 shares in the last quarter. Finally, Kelleher Financial Advisors grew its position in Tesla by 19.0% in the fourth quarter. Kelleher Financial Advisors now owns 5,121 shares of the electric vehicle producer's stock valued at $2,068,000 after acquiring an additional 819 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of Tesla stock traded down $5.80 during trading on Friday, hitting $406.58. 56,102,963 shares of the company's stock traded hands, compared to its average volume of 67,394,624. The company has a market cap of $1.31 trillion, a PE ratio of 111.39, a PEG ratio of 8.42 and a beta of 2.30. The firm's fifty day moving average price is $398.82 and its 200 day moving average price is $294.03. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Analysts forecast that Tesla, Inc. will post 2.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSLA. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 15th. Bank of America lowered Tesla from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Sanford C. Bernstein reissued an "underperform" rating and issued a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their price objective on Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $313.84.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. 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 Company 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.