Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Watershed Private Wealth LLC

Watershed Private Wealth LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,598 shares of the electric vehicle producer's stock after selling 968 shares during the period. Tesla makes up about 1.0% of Watershed Private Wealth LLC's portfolio, making the stock its 22nd biggest holding. Watershed Private Wealth LLC's holdings in Tesla were worth $2,665,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Tesla by 35,611.2% in the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after acquiring an additional 11,023,436 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Tesla by 194.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after purchasing an additional 3,624,910 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after buying an additional 2,946,763 shares during the last quarter. Wellington Management Group LLP increased its holdings in Tesla by 52.0% in the 3rd quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after buying an additional 2,511,488 shares during the period. Finally, Jennison Associates LLC raised its position in Tesla by 11.9% during the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock worth $3,192,203,000 after buying an additional 1,294,093 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 2.2 %

Shares of NASDAQ TSLA traded up $8.53 during midday trading on Tuesday, reaching $392.21. 56,869,346 shares of the company's stock were exchanged, compared to its average volume of 75,526,578. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The business's fifty day moving average price is $405.12 and its two-hundred day moving average price is $300.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $1.26 trillion, a PE ratio of 192.26, a price-to-earnings-growth ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Analysts forecast that Tesla, Inc. will post 2.82 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's 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 completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction 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 approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 553,386 shares of company stock worth $196,305,796 in the last ninety days. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSLA shares. Bank of America lowered shares of 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 note on Tuesday, January 7th. Roth Capital raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Guggenheim reaffirmed a "sell" rating and set a $175.00 target price on shares of Tesla in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their price target on Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned 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, the company presently has a consensus rating of "Hold" and an average price target of $318.31.

Tesla 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.