Stonebridge Financial Group LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Stonebridge Financial Group LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,399 shares of the electric vehicle producer's stock, valued at approximately $1,373,000.

Other hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its position in Tesla by 18.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,489 shares of the electric vehicle producer's stock worth $651,000 after purchasing an additional 384 shares in the last quarter. Creative Planning grew its position in shares of Tesla by 28.3% during the 3rd quarter. Creative Planning now owns 896,484 shares of the electric vehicle producer's stock valued at $221,677,000 after acquiring an additional 197,839 shares during the period. Swedbank AB grew its position in shares of Tesla by 2.8% during the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer's stock valued at $287,457,000 after acquiring an additional 29,669 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Tesla by 9.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 72,087 shares of the electric vehicle producer's stock valued at $18,860,000 after buying an additional 6,042 shares in the last quarter. Finally, Teamwork Financial Advisors LLC lifted its stake in shares of Tesla by 9.1% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 32,241 shares of the electric vehicle producer's stock valued at $8,435,000 after buying an additional 2,693 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock valued at $195,995,200 in the last quarter. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSLA. Bank of America cut shares of Tesla from a "buy" rating to a "neutral" rating and upped their price target for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Evercore ISI upped their price target on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Finally, Wedbush increased their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus price target of $326.50.

Tesla Trading Down 0.3 %

Shares of TSLA stock traded down $1.20 on Tuesday, hitting $354.65. 27,747,998 shares of the company's stock traded hands, compared to its average volume of 75,893,945. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company's fifty day simple moving average is $405.64 and its 200 day simple moving average is $309.75. The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 173.83, a P/E/G ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Equities analysts forecast that Tesla, Inc. will post 2.54 EPS 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.