Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,921 shares of the electric vehicle producer’s stock after purchasing an additional 561 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Tesla were worth $3,956,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wyrmwood Management LLC bought a new stake in Tesla in the fourth quarter worth about $25,000. Lam Group Inc. purchased a new position in Tesla during the 4th quarter valued at about $25,000. Mendota Financial Group LLC lifted its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its position in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. Finally, Cordant Inc. acquired a new position in Tesla in the third quarter worth approximately $53,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Jefferies Financial Group cut their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a report on Wednesday, April 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. KGI Securities reaffirmed a “neutral” rating and set a $213.00 price target (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $185.90.

Tesla Price Performance

NASDAQ:TSLA traded down $1.01 during mid-day trading on Thursday, reaching $178.98. The stock had a trading volume of 38,840,489 shares, compared to its average volume of 104,382,102. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The stock has a market capitalization of $570.80 billion, a PE ratio of 45.57, a P/E/G ratio of 4.98 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a 50-day simple moving average of $174.41 and a two-hundred day simple moving average of $206.11.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on 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 of the company’s stock, valued at $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s 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 of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

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.