Crewe Advisors LLC Lowers Holdings in Tesla, Inc. (NASDAQ:TSLA)

Crewe Advisors LLC trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,956 shares of the electric vehicle producer's stock after selling 6,039 shares during the period. Tesla comprises 2.4% of Crewe Advisors LLC's holdings, making the stock its 12th largest position. Crewe Advisors LLC's holdings in Tesla were worth $17,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LCM Capital Management Inc grew its holdings in Tesla by 9.9% in the fourth quarter. LCM Capital Management Inc now owns 1,373 shares of the electric vehicle producer's stock valued at $555,000 after purchasing an additional 124 shares during the period. Private Management Group Inc. acquired a new stake in Tesla in the 4th quarter valued at $298,000. Vestia Personal Wealth Advisors raised its position in Tesla by 114.3% during the fourth quarter. Vestia Personal Wealth Advisors now owns 2,734 shares of the electric vehicle producer's stock worth $1,104,000 after acquiring an additional 1,458 shares during the period. Tectonic Advisors LLC purchased a new position in Tesla during the fourth quarter valued at $257,000. Finally, Money Concepts Capital Corp increased its stake in shares of Tesla by 22.8% during the fourth quarter. Money Concepts Capital Corp now owns 5,188 shares of the electric vehicle producer's stock worth $2,095,000 after purchasing an additional 963 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at $30,095,100. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,903,716. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 635,776 shares of company stock valued at $231,335,112. 20.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lowered their price objective on Tesla from $492.00 to $474.00 and set a "buy" rating on the stock in a report on Monday. Canaccord Genuity Group boosted their price target on Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Glj Research reissued a "sell" rating and issued a $24.86 price objective on shares of Tesla in a research note on Wednesday. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Finally, Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $326.50.

Tesla Stock Up 5.8 %

NASDAQ TSLA traded up $19.43 during trading hours on Thursday, hitting $355.94. 88,948,549 shares of the company were exchanged, compared to its average volume of 77,848,961. The company has a 50 day moving average of $407.25 and a two-hundred day moving average of $306.44. The firm has a market cap of $1.14 trillion, a price-to-earnings ratio of 174.48, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

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.