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

West Branch Capital LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,883 shares of the electric vehicle producer's stock after buying an additional 1,730 shares during the quarter. West Branch Capital LLC's holdings in Tesla were worth $2,302,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 in the last ninety days. Insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSLA shares. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and upped their target price for the stock from $180.00 to $388.00 in a report on Friday, March 7th. UBS Group dropped their target price on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, BNP Paribas set a $137.00 price target on Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $293.67.

Tesla Stock Performance

Shares of TSLA stock traded down $12.40 during mid-day trading on Tuesday, reaching $316.73. The stock had a trading volume of 87,311,908 shares, compared to its average volume of 100,682,401. Tesla, Inc. has a 1-year low of $179.66 and a 1-year high of $488.54. The firm has a market cap of $1.02 trillion, a price-to-earnings ratio of 174.03, a PEG ratio of 12.36 and a beta of 2.47. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $302.42 and its 200-day moving average is $332.66.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 EPS. On average, research analysts forecast 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.