Measured Wealth Private Client Group LLC Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Measured Wealth Private Client Group LLC trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,905 shares of the electric vehicle producer’s stock after selling 250 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Tesla were worth $473,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. Vanguard Group Inc. increased its stake in Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the period. Morgan Stanley increased its stake in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after buying an additional 2,177,397 shares during the period. FMR LLC increased its stake in Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the period. Northern Trust Corp increased its stake in Tesla by 3.4% during the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after buying an additional 909,170 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Tesla by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,697,074 shares of the electric vehicle producer’s stock worth $3,677,502,000 after buying an additional 496,299 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

NASDAQ:TSLA traded up $1.18 during trading hours on Friday, hitting $181.19. The company’s stock had a trading volume of 75,491,539 shares, compared to its average volume of 112,969,304. The company has a market capitalization of $577.85 billion, a PE ratio of 46.22, a PEG ratio of 4.71 and a beta of 2.41. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The business’s 50-day moving average is $173.85 and its two-hundred day moving average is $205.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Canaccord Genuity Group dropped their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, Canaccord Genuity Group dropped their price objective on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $185.90.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 in the last 90 days. 25.10% of the stock is currently owned by corporate insiders.

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.