Moss Adams Wealth Advisors LLC Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Moss Adams Wealth Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,648 shares of the electric vehicle producer’s stock after acquiring an additional 311 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Tesla were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wyrmwood Management LLC bought a new stake in shares of Tesla during the 4th quarter valued at $25,000. Lam Group Inc. purchased a new stake in Tesla in the 4th quarter worth $25,000. Mendota Financial Group LLC raised its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the period. Kathleen S. Wright Associates Inc. lifted its position in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Cordant Inc. bought a new position in shares of Tesla in the third quarter worth about $53,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla 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 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 can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 302,803 shares of company stock worth $56,124,840 in the last ninety days. 20.90% of the stock is owned by company insiders.

Tesla Trading Down 1.7 %

Shares of NASDAQ:TSLA traded down $3.09 during trading on Wednesday, reaching $174.72. 79,844,724 shares of the company were exchanged, compared to its average volume of 103,846,883. The business’s fifty day simple moving average is $173.12 and its 200-day simple moving average is $204.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a market capitalization of $557.22 billion, a PE ratio of 44.57, a P/E/G ratio of 4.74 and a beta of 2.41.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. UBS Group lowered their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Robert W. Baird restated an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Wednesday, April 17th. Cantor Fitzgerald began coverage on shares of Tesla in a report on Thursday, May 2nd. They issued an “overweight” rating and a $230.00 price target on the stock. Barclays cut their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company dropped their price target on Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research note on Friday, April 12th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.