Tesla, Inc. (NASDAQ:TSLA) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,800 shares of the electric vehicle producer's stock after selling 14,938 shares during the quarter. RWA Wealth Partners LLC's holdings in Tesla were worth $5,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after purchasing an additional 194,796 shares during the last quarter. United Bank acquired a new stake in Tesla during the third quarter worth about $287,000. Quantbot Technologies LP purchased a new position in Tesla during the third quarter valued at approximately $687,000. Hantz Financial Services Inc. lifted its holdings in Tesla by 9.6% in the third quarter. Hantz Financial Services Inc. now owns 8,208 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 721 shares during the period. Finally, Kitching Partners LLC acquired a new stake in shares of Tesla during the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company's stock.

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Tesla Price Performance

Shares of Tesla stock traded up $9.30 during trading on Tuesday, reaching $268.46. The company's stock had a trading volume of 145,757,545 shares, compared to its average volume of 93,590,317. The business has a 50 day moving average price of $317.98 and a 200-day moving average price of $323.21. 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 market capitalization of $863.51 billion, a P/E ratio of 131.60, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday. Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $317.75.

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.