Flagship Harbor Advisors LLC Has $17.50 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Flagship Harbor Advisors LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,334 shares of the electric vehicle producer's stock after selling 4,946 shares during the period. Tesla comprises approximately 0.9% of Flagship Harbor Advisors LLC's holdings, making the stock its 19th largest holding. Flagship Harbor Advisors LLC's holdings in Tesla were worth $17,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Hengehold Capital Management LLC raised its holdings in shares of Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after purchasing an additional 24 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its position in shares of Tesla by 0.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares during the period. Albion Financial Group UT boosted its stake in shares of Tesla by 0.5% in the fourth quarter. Albion Financial Group UT now owns 7,099 shares of the electric vehicle producer's stock worth $2,867,000 after acquiring an additional 34 shares during the period. Finally, Connable Office Inc. grew its position in Tesla by 0.3% in the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock worth $3,368,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $1.29 during trading on Tuesday, reaching $398.44. 34,338,638 shares of the company's stock traded hands, compared to its average volume of 73,244,414. The company has a 50 day moving average of $399.99 and a 200-day moving average of $295.57. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a market capitalization of $1.28 trillion, a P/E ratio of 109.26, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a report on Monday, January 6th. Piper Sandler lifted their price target on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $313.84.

Insider Activity 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 617,886 shares of company stock worth $212,451,751 in the last three months. 20.70% of the stock is owned by company insiders.

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.