Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by BayBridge Capital Group LLC

BayBridge Capital Group LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 143.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949 shares of the electric vehicle producer's stock after acquiring an additional 1,149 shares during the period. BayBridge Capital Group LLC's holdings in Tesla were worth $505,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wealth Group Ltd. bought a new position in shares of Tesla in the fourth quarter worth approximately $275,000. Tallon Kerry Patrick bought a new position in shares of Tesla in the fourth quarter worth approximately $374,000. Eagle Capital Management LLC bought a new position in shares of Tesla in the fourth quarter worth approximately $331,000. Brighton Jones LLC lifted its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Finally, Revolve Wealth Partners LLC lifted its position in Tesla by 21.2% during 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. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, Director Joseph Gebbia purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the transaction, the director now owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 1,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,950 shares in the company, valued at approximately $682,500. This represents a 33.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 818,509 shares of company stock worth $273,791,775. Company insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSLA shares. Baird R W downgraded shares of Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $320.00 target price on shares of Tesla in a report on Monday, June 9th. Canaccord Genuity Group reduced their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Cantor Fitzgerald reduced their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $293.67.

Tesla Stock Up 1.9%

Shares of Tesla stock traded up $6.20 on Friday, reaching $325.31. The stock had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 159.47, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 1 year low of $177.00 and a 1 year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $299.39 and a 200 day moving average price of $332.88.

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

Tesla 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.