Share on Stocktwits State of Alaska Department of Revenue reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 347,076 shares of the electric vehicle producer’s stock after selling 15,074 shares during the period. Tesla makes up approximately 1.6% of State of Alaska Department of Revenue’s holdings, making the stock its 9th largest holding. State of Alaska Department of Revenue’s holdings in Tesla were worth $154,350,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its position 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 lifted its stake in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after buying an additional 3,558 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Tesla by 55.3% in the 1st quarter. Jones Financial Companies Lllp now owns 239,337 shares of the electric vehicle producer’s stock worth $63,064,000 after buying an additional 85,208 shares during the period. Finally, Kera Capital Partners Inc. purchased a new position in Tesla in the 2nd quarter valued at approximately $282,000. Hedge funds and other institutional investors own 66.20% of the company’s stock. Tesla Trading Up 2.1% Shares of TSLA opened at $445.01 on Monday. The firm’s 50 day simple moving average is $444.28 and its 200 day simple moving average is $395.60. The company has a market capitalization of $1.48 trillion, a P/E ratio of 296.67, a P/E/G ratio of 7.40 and a beta of 1.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Buying and Selling at Tesla In related news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock worth $53,501,145 over the last 90 days. Corporate insiders own 19.90% of the company’s stock. Key Tesla News