Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by West Branch Capital LLC

West Branch Capital LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 58.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,153 shares of the electric vehicle producer's stock after buying an additional 2,651 shares during the period. Tesla accounts for about 0.9% of West Branch Capital LLC's portfolio, making the stock its 23rd biggest holding. West Branch Capital LLC's holdings in Tesla were worth $2,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Tesla in the 3rd quarter valued at $29,000. Clean Yield Group boosted its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the 3rd quarter valued at about $35,000. M&R Capital Management Inc. increased its stake in Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Tesla during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total value of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 617,886 shares of company stock valued at $212,451,751. Company insiders own 20.70% of the company's stock.

Tesla Trading Down 1.4 %

Shares of NASDAQ TSLA traded down $5.80 during midday trading on Friday, hitting $406.58. The company's stock had a trading volume of 56,102,963 shares, compared to its average volume of 67,394,624. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a market cap of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. The business's 50 day moving average is $398.82 and its two-hundred day moving average is $294.03. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the company posted $0.53 EPS. Tesla's revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 2.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on TSLA shares. Morgan Stanley boosted their price target on shares of Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Glj Research reiterated a "sell" rating and set a $24.86 price target on shares of Tesla in a research report on Friday, January 3rd. Royal Bank of Canada lifted their target price on shares of Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Guggenheim boosted their price objective on shares of Tesla from $156.00 to $175.00 and gave the company a "sell" rating in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price objective on shares of Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given 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 an average target price of $313.84.

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.