Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 766.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,919 shares of the electric vehicle producer's stock after acquiring an additional 26,465 shares during the period. Tesla comprises 4.7% of Eagle Bay Advisors LLC's portfolio, making the stock its 3rd largest position. Eagle Bay Advisors LLC's holdings in Tesla were worth $7,434,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wyrmwood Management LLC purchased a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the 4th quarter worth about $25,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new stake in Tesla in the third quarter worth about $60,000. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSLA. Canaccord Genuity Group reduced their price objective on Tesla from $267.00 to $234.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Wells Fargo & Company dropped their price target on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday, April 12th. Barclays decreased their target price on shares of Tesla from $225.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. Redburn Atlantic began coverage on shares of Tesla in a report on Wednesday, January 24th. They set a "sell" rating and a $170.00 price target on the stock. Finally, Roth Mkm restated a "neutral" rating and issued a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $185.90.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 302,803 shares of company stock valued at $56,124,840. Company insiders own 20.90% of the company's stock.

Tesla Trading Up 3.3 %

Shares of NASDAQ TSLA traded up $5.66 during mid-day trading on Tuesday, reaching $177.55. The company had a trading volume of 85,992,762 shares, compared to its average volume of 102,519,648. The stock has a market cap of $566.24 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 4.65 and a beta of 2.41. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The business's 50-day moving average is $170.97 and its 200-day moving average is $203.19. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Equities analysts expect that Tesla, Inc. will post 1.89 earnings per share for the current 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.

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