Share on Stocktwits Apex Wealth Management LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 59.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,108 shares of the electric vehicle producer’s stock after selling 7,597 shares during the period. Tesla makes up 2.3% of Apex Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Apex Wealth Management LLC’s holdings in Tesla were worth $2,235,000 as of its most recent filing with the SEC. Get Tesla alerts: Other hedge funds and other institutional investors also recently modified their holdings of the company. Networth Advisors LLC bought a new stake in shares of Tesla in the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $26,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla in the 3rd quarter worth about $29,000. Prism Advisors Inc. bought a new stake in shares of Tesla in the 4th quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the 3rd quarter worth about $30,000. Institutional investors own 66.20% of the company’s stock. Insider Activity at Tesla In related news, CFO Vaibhav Taneja sold 2,264 shares of the 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 completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the 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 sale, the director directly owned 33,860 shares of the company’s stock, valued at approximately $12,166,913.80. This represents a 43.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 53,804 shares of company stock valued at $20,865,598. Company insiders own 19.90% of the company’s stock. Key Headlines Impacting Tesla