1,059 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,059 shares of the electric vehicle producer's stock, valued at approximately $428,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in Tesla during the 4th quarter worth $56,600,000. Stephens Consulting LLC boosted its position in shares of Tesla by 126.7% in the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after acquiring an additional 1,629 shares during the period. Harvard Management Co. Inc. acquired a new stake in Tesla during the 4th quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. lifted its position in Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after acquiring an additional 60,342 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 415,623 shares of company stock valued at $116,650,831 over the last three months. 20.70% of the stock is owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and issued a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Robert W. Baird decreased their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 target price (up previously from $350.00) on shares of Tesla in a research report on Friday, May 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Down 1.7%

Shares of NASDAQ TSLA traded down $5.99 during midday trading on Wednesday, reaching $356.90. The company's stock had a trading volume of 90,072,873 shares, compared to its average volume of 97,715,842. The stock has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 174.95, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The stock has a 50 day simple moving average of $281.93 and a 200-day simple moving average of $333.59. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the business earned $0.45 earnings per share. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current 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.