Share on Stocktwits Baird Financial Group Inc. lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 5.4% in the second quarter, Holdings Channel.com reports. The firm owned 359,602 shares of the electric vehicle producer’s stock after selling 20,682 shares during the quarter. Baird Financial Group Inc.’s holdings in Tesla were worth $114,231,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. Plan Group Financial LLC acquired a new position in Tesla during the first quarter worth about $218,000. Finally, Cary Street Partners Financial LLC increased its holdings in Tesla by 0.5% in the first quarter. Cary Street Partners Financial LLC now owns 7,954 shares of the electric vehicle producer’s stock valued at $2,061,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Insider Buying and Selling at Tesla In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 82,606 shares of company stock worth $33,554,102. Insiders own 19.90% of the company’s stock. Tesla Trading Up 4.1% Shares of TSLA stock opened at $446.74 on Thursday. The company has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 297.83, a PEG ratio of 14.53 and a beta of 1.87. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $434.02 and a 200 day moving average price of $371.05. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. Research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Tesla in a report on Wednesday, October 15th. Industrial Alliance Securities set a $300.00 target price on Tesla in a research report on Monday, October 13th. Roth Capital set a $505.00 price target on Tesla and gave the company a “buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group cut their price target on Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Finally, Barclays reissued a “neutral” rating and issued a $350.00 price objective on shares of Tesla in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $398.92.