Aviance Capital Partners LLC Has $228,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Aviance Capital Partners LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 919 shares of the electric vehicle producer’s stock after selling 1,947 shares during the period. Aviance Capital Partners LLC’s holdings in Tesla were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Brown Advisory Inc. boosted its stake in shares of Tesla by 6.6% during the 3rd quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock worth $6,505,000 after acquiring an additional 1,604 shares during the period. FORVIS Wealth Advisors LLC increased its holdings in shares of Tesla by 11.8% in the third quarter. FORVIS Wealth Advisors LLC now owns 5,920 shares of the electric vehicle producer’s stock valued at $1,481,000 after purchasing an additional 625 shares during the last quarter. Cambridge Trust Co. raised its position in shares of Tesla by 1.7% in the third quarter. Cambridge Trust Co. now owns 5,090 shares of the electric vehicle producer’s stock valued at $1,274,000 after purchasing an additional 83 shares during the period. NBT Bank N A NY acquired a new stake in shares of Tesla during the 3rd quarter worth about $624,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Tesla by 9.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,752 shares of the electric vehicle producer’s stock worth $2,440,000 after buying an additional 817 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 3.8 %

Shares of TSLA traded down $6.95 during trading hours on Tuesday, hitting $177.81. The company had a trading volume of 74,627,156 shares, compared to its average volume of 104,115,875. The firm has a market cap of $567.07 billion, a P/E ratio of 45.36, a P/E/G ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The stock’s 50 day moving average price is $173.12 and its 200 day moving average price is $204.32. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders sold 302,803 shares of company stock valued at $56,124,840 in the last 90 days. Insiders own 20.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TSLA. Barclays lowered their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Cantor Fitzgerald assumed coverage on Tesla in a research note on Thursday, May 2nd. They set an “overweight” rating and a $230.00 price objective on the stock. TD Cowen dropped their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Wedbush reissued an “outperform” rating and set a $275.00 target price on shares of Tesla in a report on Monday, April 29th. Finally, Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $185.90.

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.