Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,041 shares of the electric vehicle producer's stock after selling 6,296 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Tesla were worth $10,943,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TSLA. Mount Vernon Associates Inc. MD increased its position in shares of Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer's stock worth $1,724,000 after purchasing an additional 350 shares in the last quarter. Oak Ridge Investments LLC increased its position in shares of Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer's stock worth $8,065,000 after purchasing an additional 1,405 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Tesla by 3.7% during the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer's stock worth $182,352,000 after purchasing an additional 25,943 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer's stock worth $11,533,000 after buying an additional 6,615 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Tesla by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer's stock worth $193,935,000 after buying an additional 81,729 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last three months. 25.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TSLA has been the topic of a number of research reports. Redburn Atlantic initiated coverage on Tesla in a report on Wednesday, January 24th. They set a "sell" rating and a $170.00 price target on the stock. Wells Fargo & Company lowered their price target on Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a report on Friday, April 12th. Evercore ISI lowered their price target on Tesla from $155.00 to $145.00 and set an "in-line" rating on the stock in a report on Monday, April 29th. Truist Financial lowered their price objective on Tesla from $176.00 to $162.00 and set a "hold" rating on the stock in a report on Wednesday, April 24th. Finally, Guggenheim reaffirmed a "sell" rating and issued a $122.00 price objective on shares of Tesla in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $185.90.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $3.57 during midday trading on Monday, hitting $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 stock has a market capitalization of $589.24 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 4.74 and a beta of 2.41. The stock's 50 day simple moving average is $173.56 and its 200 day simple moving average is $204.56. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

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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