Bridgewealth Advisory Group LLC Has $3.14 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Bridgewealth Advisory Group LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 233.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,774 shares of the electric vehicle producer's stock after purchasing an additional 5,442 shares during the period. Tesla accounts for 0.9% of Bridgewealth Advisory Group LLC's portfolio, making the stock its 29th largest holding. Bridgewealth Advisory Group LLC's holdings in Tesla were worth $3,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after acquiring an additional 3,571,793 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after purchasing an additional 1,655,203 shares during the period. Norges Bank acquired a new stake in shares of Tesla during the fourth quarter worth $14,420,248,000. FMR LLC grew its stake in shares of Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total value of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at $41,745,581.15. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 486,618 shares of company stock worth $155,887,459 in the last ninety days. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $1.64 on Thursday, hitting $280.52. The company's stock had a trading volume of 98,993,540 shares, compared to its average volume of 95,679,436. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $259.13 and a two-hundred day moving average of $324.00. The firm has a market capitalization of $903.54 billion, a P/E ratio of 137.51, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSLA. BNP Paribas set a $137.00 price objective on Tesla and gave the stock an "underperform" rating in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Mizuho decreased their target price on Tesla from $375.00 to $325.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $287.46.

Tesla 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.