Tesla, Inc. (NASDAQ:TSLA) Shares Sold by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 69.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,354 shares of the electric vehicle producer's stock after selling 14,738 shares during the period. Tesla comprises 0.7% of B.O.S.S. Retirement Advisors LLC's investment portfolio, making the stock its 29th biggest position. B.O.S.S. Retirement Advisors LLC's holdings in Tesla were worth $2,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TSLA. Kathmere Capital Management LLC increased its holdings in shares of Tesla by 5.9% in the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer's stock worth $247,000 after purchasing an additional 70 shares during the period. Ascent Group LLC raised its holdings in shares of Tesla by 29.8% in the 2nd quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer's stock valued at $2,544,000 after acquiring an additional 2,953 shares in the last quarter. Magnolia Capital Advisors LLC boosted its position in shares of Tesla by 162.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 11,799 shares of the electric vehicle producer's stock valued at $2,335,000 after acquiring an additional 7,303 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Tesla by 1.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 249,279 shares of the electric vehicle producer's stock worth $49,327,000 after purchasing an additional 2,349 shares during the last quarter. Finally, Invst LLC raised its stake in Tesla by 23.6% in the second quarter. Invst LLC now owns 6,188 shares of the electric vehicle producer's stock valued at $1,299,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 0.3 %

Shares of TSLA stock traded up $1.29 on Tuesday, hitting $398.44. 34,338,638 shares of the stock traded hands, compared to its average volume of 73,244,414. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The stock has a market capitalization of $1.28 trillion, a PE ratio of 109.26, a PEG ratio of 8.42 and a beta of 2.30. The firm's 50-day moving average price is $399.99 and its two-hundred day moving average price is $295.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,886 shares of company stock valued at $212,451,751 in the last 90 days. Company insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSLA shares. Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and upped their target price for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Wedbush lifted their price objective on Tesla from $515.00 to $550.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group lifted their price target on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Finally, Truist Financial reiterated a "hold" rating and issued a $360.00 price objective on shares of Tesla in a report on Thursday, January 2nd. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $313.84.

About Tesla

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.