Laird Norton Wetherby Trust Company LLC Takes $5.06 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Laird Norton Wetherby Trust Company LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,525 shares of the electric vehicle producer's stock, valued at approximately $5,058,000. Tesla makes up about 0.7% of Laird Norton Wetherby Trust Company LLC's investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently modified their holdings of the company. Wealth Group Ltd. bought a new stake in Tesla during the fourth quarter worth about $275,000. RMR Wealth Builders lifted its stake in shares of Tesla by 72.0% in the fourth quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer's stock worth $6,209,000 after buying an additional 6,439 shares in the last quarter. Czech National Bank lifted its stake in shares of Tesla by 7.1% in the fourth quarter. Czech National Bank now owns 605,404 shares of the electric vehicle producer's stock worth $244,486,000 after buying an additional 40,134 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in shares of Tesla by 7.7% in the fourth quarter. Aprio Wealth Management LLC now owns 7,813 shares of the electric vehicle producer's stock worth $3,155,000 after buying an additional 557 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of Tesla during the fourth quarter valued at approximately $184,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $300.00, for a total value of $1,200,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $8,085,000. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares in the company, valued at $114,859,478.69. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 412,623 shares of company stock valued at $115,600,501 in the last 90 days. Company insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Glj Research reissued a "sell" rating and issued a $19.05 price objective (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Roth Mkm reduced their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Argus set a $410.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has an average rating of "Hold" and a consensus price target of $287.46.

Tesla Price Performance

TSLA stock traded up $13.61 during trading on Wednesday, hitting $347.68. 136,414,120 shares of the company's stock traded hands, compared to its average volume of 96,792,579. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business has a fifty day simple moving average of $260.85 and a 200 day simple moving average of $328.28. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 170.43, a P/E/G ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the prior year, the company posted $0.45 EPS. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.