Tesla, Inc. (NASDAQ:TSLA) Holdings Decreased by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 76.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,734 shares of the electric vehicle producer's stock after selling 5,569 shares during the quarter. Baldwin Wealth Partners LLC MA's holdings in Tesla were worth $700,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter worth $29,000. Clean Yield Group lifted its holdings in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the third quarter worth $35,000. M&R Capital Management Inc. lifted its holdings in shares of Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 100 shares during the period. Finally, Finley Financial LLC acquired a new stake in shares of Tesla during the fourth quarter worth $64,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Down 5.2 %

Shares of NASDAQ TSLA traded down $20.92 during midday trading on Monday, hitting $383.68. The stock had a trading volume of 92,338,368 shares, compared to its average volume of 76,281,219. The company has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 188.08, a PEG ratio of 6.79 and a beta of 2.34. Tesla, Inc. has a 1-year low of $138.80 and a 1-year 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. The company has a fifty day moving average price of $404.22 and a 200 day moving average price of $299.70.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, analysts predict that Tesla, Inc. will post 2.82 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, 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 553,386 shares of company stock valued at $196,305,796 in the last three months. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSLA. Piper Sandler increased their price target on Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Bank of America cut Tesla from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. KGI Securities upgraded Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective for the company in a research report on Thursday, October 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $318.31.

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.