Share on Stocktwits Balboa Wealth Partners trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 71.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 121,100 shares of the electric vehicle producer’s stock after selling 295,795 shares during the quarter. Tesla comprises about 9.0% of Balboa Wealth Partners’ portfolio, making the stock its biggest holding. Balboa Wealth Partners’ holdings in Tesla were worth $54,461,000 at the end of the most recent reporting period. Get Tesla alerts: Several other hedge funds have also recently added to or reduced their stakes in TSLA. Vanguard Group Inc. increased its holdings in shares of Tesla by 0.4% during the third quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock valued at $112,241,237,000 after purchasing an additional 995,623 shares during the period. State Street Corp lifted its holdings in Tesla by 0.3% in the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after purchasing an additional 344,162 shares during the period. Capital World Investors lifted its holdings in Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares during the period. Amundi grew its position in Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after buying an additional 3,422,270 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares during the period. Institutional investors own 66.20% of the company’s stock. Insider Activity In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 53,804 shares of company stock worth $20,865,598. Company insiders own 19.90% of the company’s stock. Tesla Price Performance TSLA opened at $360.59 on Friday. The firm has a market capitalization of $1.35 trillion, a P/E ratio of 333.88, a PEG ratio of 10.69 and a beta of 1.91. The stock has a fifty day moving average of $401.06 and a 200-day moving average of $427.51. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.Tesla’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Upgrades and Downgrades Several analysts have recently weighed in on TSLA shares. DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, January 29th. Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. BNP Paribas Exane reduced their price objective on shares of Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research report on Monday, March 2nd. Phillip Securities lowered their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $405.00 target price on shares of Tesla in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $402.61.