Wealthcare Advisory Partners LLC Has $3.52 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Wealthcare Advisory Partners LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,154 shares of the electric vehicle producer’s stock after acquiring an additional 2,274 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Tesla were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. International Assets Investment Management LLC increased its stake in Tesla by 25,990.7% in the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after acquiring an additional 6,179,032 shares during the period. Vanguard Group Inc. grew its stake in Tesla by 1.6% during the third quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the last quarter. California Public Employees Retirement System grew its stake in Tesla by 34.0% during the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock worth $2,260,039,000 after buying an additional 2,293,344 shares during the last quarter. Morgan Stanley grew its stake in Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after buying an additional 2,177,397 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after buying an additional 909,170 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s 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 completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were 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. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 over the last quarter. 25.10% of the stock is currently owned by insiders.

Tesla Stock Up 2.0 %

Tesla stock traded up $3.57 during mid-day trading on Monday, reaching $184.76. The company’s stock had a trading volume of 84,172,375 shares, compared to its average volume of 104,452,320. The company has a market capitalization of $589.24 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The business’s 50 day simple moving average is $173.56 and its 200 day simple moving average is $204.56. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. The Goldman Sachs Group reduced their target price on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Jefferies Financial Group reduced their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. HSBC reduced their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Finally, Canaccord Genuity Group reduced their target price on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Eight 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.