Laird Norton Wetherby Wealth Management LLC Sells 2,236 Shares of Tesla, Inc. (NASDAQ:TSLA)

Laird Norton Wetherby Wealth Management LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,277 shares of the electric vehicle producer's stock after selling 2,236 shares during the period. Tesla accounts for approximately 1.1% of Laird Norton Wetherby Wealth Management LLC's holdings, making the stock its 11th biggest holding. Laird Norton Wetherby Wealth Management LLC's holdings in Tesla were worth $22,323,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $56,600,000. Stephens Consulting LLC grew its stake in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after acquiring an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. bought a new position in shares of Tesla during the 4th quarter worth approximately $8,158,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of Tesla by 104.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after acquiring an additional 29,458 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSLA. Mizuho decreased their target price on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. HSBC decreased their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Glj Research reissued a "sell" rating and issued a $19.05 target price (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. StockNews.com downgraded Tesla from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $287.46.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $8,085,000. This represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,623 shares of company stock valued at $115,600,501. 20.70% of the stock is currently owned by insiders.

Tesla Trading Up 4.1%

TSLA traded up $13.61 during trading on Wednesday, reaching $347.68. 136,414,120 shares of the company's stock were exchanged, compared to its average volume of 96,792,579. The firm has a fifty day moving average price of $260.85 and a two-hundred day moving average price of $328.28. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The stock has a market capitalization of $1.12 trillion, a PE ratio of 170.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $22.93 billion. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.