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

Baldwin Wealth Partners LLC MA trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 76.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Tesla during the third quarter worth $29,000. Clean Yield Group boosted its stake in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at about $35,000. M&R Capital Management Inc. raised its holdings in Tesla by 263.2% in the 3rd 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, Quarry LP purchased a new position in Tesla during the second quarter worth approximately $48,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Tesla stock opened at $400.28 on Friday. The company’s 50 day moving average is $401.98 and its two-hundred day moving average is $297.28. The firm has a market cap of $1.28 trillion, a PE ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. On average, research analysts expect that Tesla, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSLA shares. Robert W. Baird reduced their target price on Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Tesla from $125.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday. Evercore ISI lifted their price objective on Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler boosted their price target on Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $318.31.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 553,386 shares of company stock worth $196,305,796. Company insiders own 20.70% of the company’s stock.

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.