Aviance Capital Partners LLC Has $228,000 Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Aviance Capital Partners LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 67.9% during the 4th quarter, Holdings Channel reports. The firm owned 919 shares of the electric vehicle producer’s stock after selling 1,947 shares during the quarter. Aviance Capital Partners LLC’s holdings in Tesla were worth $228,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSLA. Wyrmwood Management LLC purchased a new position in Tesla during the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla in the fourth quarter worth approximately $25,000. Mendota Financial Group LLC raised its stake 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 acquiring an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its stake 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 valued at $47,000 after buying an additional 100 shares during the last quarter. Finally, Cordant Inc. purchased a new position in shares of Tesla in the third quarter worth $53,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSLA. Morgan Stanley cut their price objective on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Roth Mkm restated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, April 24th. Royal Bank of Canada decreased their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Canaccord Genuity Group dropped their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Mizuho lowered their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $185.90.

Tesla Price Performance

NASDAQ TSLA traded down $6.95 on Tuesday, hitting $177.81. The company had a trading volume of 74,627,156 shares, compared to its average volume of 104,115,875. 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 company has a market capitalization of $567.07 billion, a PE ratio of 45.36, a PEG ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company’s fifty day moving average price is $173.12 and its 200-day moving average price is $204.32.

Insider Transactions at Tesla

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

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.