Tesla, Inc. (NASDAQ:TSLA) Position Trimmed by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,541 shares of the electric vehicle producer's stock after selling 1,727 shares during the quarter. Tesla comprises 0.7% of Whalen Wealth Management Inc.'s portfolio, making the stock its 26th biggest holding. Whalen Wealth Management Inc.'s holdings in Tesla were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Acropolis Investment Management LLC boosted its position in shares of Tesla by 0.9% in the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock worth $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in shares of Tesla by 0.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock valued at $2,950,000 after buying an additional 25 shares in the last quarter. Albion Financial Group UT boosted its holdings in Tesla by 0.5% in the 4th quarter. Albion Financial Group UT now owns 7,099 shares of the electric vehicle producer's stock worth $2,867,000 after buying an additional 34 shares during the period. Connable Office Inc. raised its holdings in Tesla by 0.3% during the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock valued at $3,368,000 after acquiring an additional 38 shares during the period. Finally, Community Bank N.A. lifted its position in shares of Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock valued at $238,000 after acquiring an additional 38 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America downgraded Tesla from a "buy" rating to a "neutral" rating and upped their price target for the stock from $400.00 to $490.00 in a research note on Tuesday, January 7th. UBS Group raised their target price on shares of Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Canaccord Genuity Group lifted their target price on Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a research note on Tuesday, October 8th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $313.84.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,886 shares of company stock valued at $212,451,751 over the last quarter. 20.70% of the stock is owned by insiders.

Tesla Stock Down 1.4 %

TSLA traded down $5.80 during trading hours on Friday, hitting $406.58. 56,102,963 shares of the company's stock were exchanged, compared to its average volume of 67,394,624. The firm has a market cap of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $398.82 and a 200 day moving average of $294.26.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm's revenue was up 7.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

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.