Sandbox Financial Partners LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Sandbox Financial Partners LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 804.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,683 shares of the electric vehicle producer's stock after buying an additional 5,944 shares during the quarter. Sandbox Financial Partners LLC's holdings in Tesla were worth $1,732,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. MKT Advisors LLC increased its holdings in Tesla by 10.1% during the first quarter. MKT Advisors LLC now owns 1,012 shares of the electric vehicle producer's stock valued at $262,000 after buying an additional 93 shares during the period. Oxinas Partners Wealth Management LLC grew its holdings in Tesla by 19.6% in the first quarter. Oxinas Partners Wealth Management LLC now owns 15,380 shares of the electric vehicle producer's stock worth $3,986,000 after purchasing an additional 2,520 shares during the last quarter. Magnus Financial Group LLC grew its holdings in Tesla by 2.0% in the first quarter. Magnus Financial Group LLC now owns 23,091 shares of the electric vehicle producer's stock worth $5,984,000 after purchasing an additional 451 shares during the last quarter. Intellectus Partners LLC grew its holdings in Tesla by 2.3% in the first quarter. Intellectus Partners LLC now owns 72,988 shares of the electric vehicle producer's stock worth $18,916,000 after purchasing an additional 1,655 shares during the last quarter. Finally, Cora Capital Advisors LLC grew its holdings in Tesla by 23.6% in the first quarter. Cora Capital Advisors LLC now owns 1,089 shares of the electric vehicle producer's stock worth $282,000 after purchasing an additional 208 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 1,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now owns 1,950 shares of the company's stock, valued at approximately $682,500. This represents a 33.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 818,509 shares of company stock valued at $273,791,775. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of TSLA traded up $13.44 during mid-day trading on Monday, hitting $308.58. 137,827,105 shares of the company were exchanged, compared to its average volume of 100,028,690. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a 50 day moving average of $292.17 and a 200-day moving average of $333.51. The stock has a market cap of $993.92 billion, a price-to-earnings ratio of 151.27, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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). 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 analyst estimates of $22.93 billion. During the same quarter last year, the company earned $0.45 EPS. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. Roth Mkm cut their price target on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley reiterated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research note on Friday. Wedbush set a $500.00 price objective on shares of Tesla in a research note on Thursday. Finally, Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Ten investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.