Sandbox Financial Partners LLC Buys 5,944 Shares of Tesla, Inc. (NASDAQ:TSLA)

Sandbox Financial Partners LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 804.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,683 shares of the electric vehicle producer's stock after purchasing an additional 5,944 shares during the period. Sandbox Financial Partners LLC's holdings in Tesla were worth $1,732,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Cantor Fitzgerald dropped their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, Barclays lowered their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $294.27.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30% 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, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 870,721 shares of company stock worth $286,248,728 in the last ninety days. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA traded up $10.44 during midday trading on Friday, hitting $295.14. The company had a trading volume of 163,425,518 shares, compared to its average volume of 99,690,029. 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 stock has a market cap of $950.63 billion, a price-to-earnings ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The firm has a fifty day simple moving average of $292.17 and a two-hundred day simple moving average of $333.62. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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 during 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 in the prior year, the business earned $0.45 earnings per share. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.