Mitchell Mcleod Pugh & Williams Inc. Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,936 shares of the electric vehicle producer’s stock after selling 180 shares during the quarter. Tesla accounts for 0.9% of Mitchell Mcleod Pugh & Williams Inc.’s holdings, making the stock its 25th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Tesla were worth $3,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLA. International Assets Investment Management LLC increased its holdings in Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after purchasing an additional 6,179,032 shares during the period. Vanguard Group Inc. boosted its holdings in Tesla by 1.6% in the third quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after acquiring an additional 3,453,078 shares during the last quarter. California Public Employees Retirement System raised its position in Tesla by 34.0% in the third 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 increased its holdings in Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after buying an additional 2,177,397 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Tesla by 3.4% in the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after acquiring an additional 909,170 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last three months. Company insiders own 20.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $21.72 on Monday, hitting $190.01. 92,281,104 shares of the company were exchanged, compared to its average volume of 103,082,156. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The stock’s 50 day moving average price is $175.04 and its 200 day moving average price is $207.22. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $605.98 billion, a P/E ratio of 48.47, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Wedbush reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Tesla in a research note on Monday. China Renaissance began coverage on shares of Tesla in a report on Monday, February 26th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $184.32.

About Tesla

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.