Natixis Advisors L.P. Has $335.42 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Natixis Advisors L.P. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,349,898 shares of the electric vehicle producer’s stock after selling 65,354 shares during the quarter. Tesla makes up about 0.9% of Natixis Advisors L.P.’s portfolio, making the stock its 11th largest holding. Natixis Advisors L.P.’s holdings in Tesla were worth $335,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Lam Group Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the fourth 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 during the period. Kathleen S. Wright Associates Inc. increased its position in shares of Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the period. Finally, Cordant Inc. bought a new position in Tesla during the third quarter worth $53,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 0.0 %

Shares of TSLA traded down $0.02 during mid-day trading on Thursday, reaching $179.97. The company’s stock had a trading volume of 65,588,925 shares, compared to its average volume of 104,737,977. The stock has a market cap of $573.96 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 current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company’s fifty day moving average price is $174.41 and its two-hundred day moving average price is $206.11.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The stock was 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 directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSLA shares. Jefferies Financial Group cut their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Piper Sandler reissued an “overweight” rating and set a $205.00 target price on shares of Tesla in a research note on Monday, April 22nd. China Renaissance started coverage on shares of Tesla in a research note on Monday, February 26th. They set a “hold” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Finally, Wedbush reissued an “outperform” rating and set a $275.00 target price on shares of Tesla in a research note on Monday. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $185.90.

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.