B.O.S.S. Retirement Advisors LLC Reduces Stock Position in Tesla, Inc. (NASDAQ:TSLA)

B.O.S.S. Retirement Advisors LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 69.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,354 shares of the electric vehicle producer’s stock after selling 14,738 shares during the quarter. Tesla accounts for about 0.7% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 29th largest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Tesla were worth $2,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathmere Capital Management LLC lifted its position in shares of Tesla by 5.9% during the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock worth $247,000 after purchasing an additional 70 shares during the last quarter. Ascent Group LLC lifted its holdings in Tesla by 29.8% during the 2nd quarter. Ascent Group LLC now owns 12,854 shares of the electric vehicle producer’s stock worth $2,544,000 after buying an additional 2,953 shares during the last quarter. Magnolia Capital Advisors LLC grew its position in shares of Tesla by 162.4% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 11,799 shares of the electric vehicle producer’s stock worth $2,335,000 after acquiring an additional 7,303 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Tesla by 1.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 249,279 shares of the electric vehicle producer’s stock valued at $49,327,000 after acquiring an additional 2,349 shares during the last quarter. Finally, Invst LLC raised its position in shares of Tesla by 23.6% during the 2nd quarter. Invst LLC now owns 6,188 shares of the electric vehicle producer’s stock valued at $1,299,000 after acquiring an additional 1,180 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the sale, the director now owns 85,000 shares in the company, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred 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 $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 617,886 shares of company stock valued at $212,451,751. 20.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSLA shares. Royal Bank of Canada lifted their price objective on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Morgan Stanley raised their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, October 24th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $313.84.

Tesla Trading Down 2.3 %

Shares of NASDAQ TSLA opened at $397.15 on Tuesday. The business has a fifty day simple moving average of $398.82 and a 200-day simple moving average of $294.47. The company has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.81, a P/E/G ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. 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 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.