Baldwin Wealth Partners LLC MA Reduces Holdings in Tesla, Inc. (NASDAQ:TSLA)

Baldwin Wealth Partners LLC MA reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 76.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,734 shares of the electric vehicle producer’s stock after selling 5,569 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Tesla were worth $700,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC purchased a new position in shares of Tesla during the third quarter worth about $29,000. Clean Yield Group grew its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Tesla during the third quarter worth approximately $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, Quarry LP acquired a new position in Tesla in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $31,548,461.84. The trade was a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,386 shares of company stock valued at $196,305,796 over the last quarter. Company insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSLA. Wedbush raised their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America lowered Tesla from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $400.00 to $490.00 in a report on Tuesday, January 7th. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Friday, January 3rd. The Goldman Sachs Group upped their price objective on Tesla from $250.00 to $345.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $440.00 target price on shares of Tesla in a research report on Thursday. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $318.31.

Tesla Trading Up 2.9 %

Shares of TSLA opened at $400.28 on Friday. The stock’s fifty day simple moving average is $401.98 and its 200 day simple moving average is $297.28. Tesla, Inc. has a twelve month low of $138.80 and a twelve 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 market capitalization of $1.28 trillion, a P/E ratio of 109.67, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30.

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