Tesla, Inc. (NASDAQ:TSLA) Shares Bought by West Branch Capital LLC

West Branch Capital LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,883 shares of the electric vehicle producer's stock after purchasing an additional 1,730 shares during the quarter. West Branch Capital LLC's holdings in Tesla were worth $2,302,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSLA. True Wealth Design LLC raised its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares during the period. Horrell Capital Management Inc. raised its position in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. raised its position in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the period. Navigoe LLC purchased a new position in Tesla in the fourth quarter valued at about $37,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,395 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 818,509 shares of company stock valued at $273,791,775 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on TSLA. TD Cowen raised Tesla from a "hold" rating to a "buy" rating and raised their price objective for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Guggenheim reaffirmed a "sell" rating and set a $170.00 target price on shares of Tesla in a research report on Thursday, April 24th. Truist Financial set a $280.00 target price on Tesla in a research report on Tuesday, April 22nd. BNP Paribas set a $137.00 target price on Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Finally, Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $293.67.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $6.20 during midday trading on Friday, hitting $325.31. 128,417,075 shares of the company's stock were exchanged, compared to its average volume of 100,836,055. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock's 50 day moving average price is $299.39 and its 200-day moving average price is $332.88. The firm has a market cap of $1.05 trillion, a P/E ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a twelve month low of $177.00 and a twelve month high of $488.54.

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 business 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 in the prior year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS 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.