Kestra Private Wealth Services LLC Has $21.31 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Kestra Private Wealth Services LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,769 shares of the electric vehicle producer's stock after acquiring an additional 9,152 shares during the quarter. Tesla comprises approximately 0.5% of Kestra Private Wealth Services LLC's holdings, making the stock its 29th largest position. Kestra Private Wealth Services LLC's holdings in Tesla were worth $21,312,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TSLA. International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 6,179,032 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $56,534,710,000 after acquiring an additional 3,453,078 shares during the period. California Public Employees Retirement System grew its position in shares of Tesla by 34.0% in the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer's stock valued at $2,260,039,000 after purchasing an additional 2,293,344 shares during the last quarter. Morgan Stanley increased its stake in shares of Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer's stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Tesla by 3.4% during the 3rd quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer's stock worth $6,891,765,000 after purchasing an additional 909,170 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSLA shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 24th. Mizuho lowered their price objective on shares of Tesla from $195.00 to $180.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesla from $123.00 to $136.00 and gave the company a "hold" rating in a research note on Thursday. Evercore ISI dropped their price objective on shares of Tesla from $155.00 to $145.00 and set an "in-line" rating on the stock in a report on Monday. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $280.00 target price on shares of Tesla in a research note on Wednesday, April 17th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $184.32.

Tesla Price Performance

TSLA traded up $25.76 during trading on Monday, hitting $194.05. The company's stock had a trading volume of 243,386,278 shares, compared to its average volume of 105,090,164. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $618.86 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40. The firm's 50 day moving average price is $174.92 and its two-hundred day moving average price is $206.77. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla Company 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.

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