GSA Capital Partners LLP reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 42.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,104 shares of the electric vehicle producer’s stock after selling 4,514 shares during the quarter. GSA Capital Partners LLP’s holdings in Tesla were worth $2,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Networth Advisors LLC bought a new position in Tesla during the 4th quarter valued at $26,000. Davidson Capital Management Inc. lifted its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla during the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla during the 3rd quarter valued at $31,000. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,213 shares of company stock valued at $32,201,105 in the last 90 days. Corporate insiders own 19.90% of the company’s stock.

Tesla Price Performance

TSLA opened at $404.11 on Wednesday. The stock has a fifty day moving average of $386.65 and a 200-day moving average of $417.28. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 370.74, a PEG ratio of 16.19 and a beta of 1.79. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.