BayBridge Capital Group LLC Buys 1,149 Shares of Tesla, Inc. (NASDAQ:TSLA)

BayBridge Capital Group LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 143.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,949 shares of the electric vehicle producer's stock after purchasing an additional 1,149 shares during the quarter. BayBridge Capital Group LLC's holdings in Tesla were worth $505,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TSLA. Atlas Private Wealth Advisors lifted its stake in shares of Tesla by 7.9% in the first quarter. Atlas Private Wealth Advisors now owns 11,661 shares of the electric vehicle producer's stock valued at $3,022,000 after buying an additional 851 shares during the period. Cornell Pochily Investment Advisors Inc. raised its holdings in Tesla by 9.8% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 3,997 shares of the electric vehicle producer's stock valued at $1,036,000 after acquiring an additional 358 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Tesla by 8.5% in the 1st quarter. Sound Income Strategies LLC now owns 17,755 shares of the electric vehicle producer's stock valued at $4,601,000 after acquiring an additional 1,395 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of Tesla by 18.6% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 6,597 shares of the electric vehicle producer's stock worth $1,664,000 after acquiring an additional 1,034 shares during the period. Finally, Pacific Sun Financial Corp grew its holdings in shares of Tesla by 3.8% during the 1st quarter. Pacific Sun Financial Corp now owns 8,403 shares of the electric vehicle producer's stock worth $2,178,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 1.8%

TSLA stock traded up $5.70 during trading on Wednesday, hitting $322.05. The company had a trading volume of 94,421,553 shares, compared to its average volume of 109,749,680. The firm has a 50-day moving average price of $302.42 and a 200-day moving average price of $332.66. Tesla, Inc. has a 12 month low of $179.66 and a 12 month high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 176.95, a PEG ratio of 12.36 and a beta of 2.47.

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 analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president now owns 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,509 shares of company stock worth $278,648,925. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. JPMorgan Chase & Co. cut their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Wedbush set a $500.00 price objective on shares of Tesla in a report on Thursday, June 5th. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and lifted their target price for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Finally, Roth Mkm lowered their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $293.67.

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.