Brucke Financial Inc. Buys Shares of 3,316 Tesla, Inc. (NASDAQ:TSLA)

Brucke Financial Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,316 shares of the electric vehicle producer's stock, valued at approximately $1,342,000. Tesla makes up approximately 1.2% of Brucke Financial Inc.'s portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also bought and sold shares of TSLA. True Wealth Design LLC increased its holdings in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the period. Horrell Capital Management Inc. increased its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. raised its holdings in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares in the last quarter. Navigoe LLC bought a new stake in shares of Tesla during the 4th quarter valued at $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the 4th quarter worth $38,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 415,623 shares of company stock worth $116,650,831 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Guggenheim reissued a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Piper Sandler set a $400.00 price target on Tesla in a research note on Tuesday, May 6th. Finally, Robert W. Baird dropped their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Up 6.9%

TSLA traded up $23.55 during midday trading on Tuesday, reaching $362.89. 118,443,476 shares of the company were exchanged, compared to its average volume of 97,589,424. The company has a market cap of $1.17 trillion, a price-to-earnings ratio of 177.89, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company's fifty day moving average price is $279.40 and its 200 day moving average price is $333.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the company posted $0.45 EPS. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.