Tesla, Inc. (NASDAQ:TSLA) Stock Position Lifted by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,122 shares of the electric vehicle producer’s stock after purchasing an additional 60 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Tesla were worth $776,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of TSLA. International Assets Investment Management LLC boosted its stake in Tesla by 25,990.7% during the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after buying an additional 6,179,032 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after purchasing an additional 3,453,078 shares during the period. California Public Employees Retirement System boosted its position in shares of Tesla by 34.0% in the 3rd quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock valued at $2,260,039,000 after purchasing an additional 2,293,344 shares during the period. Morgan Stanley boosted its position in shares of Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after purchasing an additional 2,177,397 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Tesla by 3.4% in the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after purchasing an additional 909,170 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold 302,803 shares of company stock valued at $56,124,840 in the last 90 days. 20.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Cowen decreased their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Wedbush reissued an “outperform” rating and issued a $275.00 price objective on shares of Tesla in a research note on Monday, April 29th. Edward Jones downgraded Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, China Renaissance initiated coverage on Tesla in a research note on Monday, February 26th. They issued a “hold” rating for the company. Eight research 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’s stock. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Stock Performance

TSLA traded down $3.09 during midday trading on Wednesday, reaching $174.72. The company’s stock had a trading volume of 79,844,724 shares, compared to its average volume of 103,846,883. The stock has a market cap of $557.22 billion, a P/E ratio of 44.57, a PEG ratio of 4.74 and a beta of 2.41. The company has a fifty day simple moving average of $173.12 and a 200 day simple moving average of $204.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.

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.