Bryce Point Capital LLC Makes New $1.05 Million Investment in Tesla, Inc. (NASDAQ:TSLA)

Bryce Point Capital LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,611 shares of the electric vehicle producer's stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. World Investment Advisors LLC increased its position in shares of Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after purchasing an additional 184,459 shares during the last quarter. Destination Wealth Management increased its position in Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after acquiring an additional 1,359 shares during the last quarter. Stephens Consulting LLC raised its stake in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after acquiring an additional 891 shares during the period. MML Investors Services LLC lifted its holdings in shares of Tesla by 3.3% in the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after acquiring an additional 9,919 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Tesla by 52.0% during the 3rd quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after purchasing an additional 2,511,488 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

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Insider Buying and Selling

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $7,242,273.50. The trade was a 9.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of Tesla stock traded down $27.85 during trading hours on Friday, reaching $239.43. The stock had a trading volume of 180,231,397 shares, compared to its average volume of 94,575,113. The stock's 50 day moving average is $309.32 and its 200 day moving average is $322.81. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The firm has a market capitalization of $770.13 billion, a PE ratio of 117.37, a PEG ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on TSLA shares. Wedbush reissued an "outperform" rating and issued a $550.00 price objective on shares of Tesla in a research note on Thursday, March 27th. Oppenheimer restated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Mizuho decreased their price objective on shares of Tesla from $515.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Guggenheim lowered their price objective on shares of Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reduced their target price on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 18th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $312.65.

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.