Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 369.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,554 shares of the electric vehicle producer’s stock after purchasing an additional 40,572 shares during the period. Tesla makes up approximately 0.8% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Tesla were worth $20,820,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Swedbank AB grew its position in Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Tesla by 34.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer’s stock worth $1,087,000 after purchasing an additional 1,059 shares during the period. BayBridge Capital Group LLC acquired a new stake in Tesla during the 3rd quarter worth about $209,000. Tarbox Family Office Inc. acquired a new stake in Tesla during the 3rd quarter worth about $284,000. Finally, Joel Isaacson & Co. LLC grew its position in Tesla by 4.0% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,893 shares of the electric vehicle producer’s stock worth $1,019,000 after purchasing an additional 150 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 4.7 %

Shares of NASDAQ TSLA opened at $337.80 on Friday. The company has a 50 day simple moving average of $400.17 and a 200-day simple moving average of $313.18. The company has a market capitalization of $1.09 trillion, a P/E ratio of 165.59, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,386 shares of company stock worth $195,995,200. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSLA. Barclays increased their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a research note on Tuesday. Guggenheim reaffirmed a “sell” rating and issued a $175.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Finally, UBS Group raised their price target on shares of Tesla from $226.00 to $259.00 and gave the company a “sell” rating in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $319.57.

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.