Breed s Hill Capital LLC Makes New $645,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

Breed s Hill Capital LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,598 shares of the electric vehicle producer's stock, valued at approximately $645,000.

Several other large investors have also recently added to or reduced their stakes in TSLA. Wealth Group Ltd. bought a new stake in shares of Tesla during the fourth quarter valued at about $275,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Tesla during the fourth quarter valued at about $1,361,000. Tallon Kerry Patrick bought a new stake in shares of Tesla during the fourth quarter valued at about $374,000. Flower City Capital raised its stake in shares of Tesla by 15.2% during the fourth quarter. Flower City Capital now owns 961 shares of the electric vehicle producer's stock valued at $388,000 after purchasing an additional 127 shares in the last quarter. Finally, McCarthy & Cox bought a new stake in shares of Tesla during the fourth quarter valued at about $269,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSLA. HSBC cut their price objective on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Raymond James cut shares of Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Morgan Stanley reiterated a "buy" rating and issued a $430.00 price target on shares of Tesla in a research report on Tuesday, April 22nd. Barclays dropped their price target on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $289.43.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $25,466,850. The trade was a 56.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Up 1.9%

NASDAQ:TSLA opened at $341.04 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock's 50-day moving average is $275.05 and its two-hundred day moving average is $332.09. The stock has a market cap of $1.10 trillion, a PE ratio of 167.18, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

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

About Tesla

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.

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