Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,918 shares of the electric vehicle producer’s stock after purchasing an additional 84 shares during the quarter. Tesla makes up about 4.4% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Bradley & Co. Private Wealth Management LLC’s holdings in Tesla were worth $4,701,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wyrmwood Management LLC acquired a new position in shares of Tesla during the fourth quarter worth about $25,000. Lam Group Inc. acquired a new stake in shares of Tesla during the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC lifted its stake in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV boosted its holdings in Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. increased its stake in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. HSBC dropped their target price on Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday. Redburn Atlantic initiated coverage on shares of Tesla in a report on Wednesday, January 24th. They set a “sell” rating and a $170.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Wednesday. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $186.70.

Tesla Price Performance

TSLA stock traded up $8.05 during midday trading on Thursday, reaching $170.18. 125,491,695 shares of the company’s stock traded hands, compared to its average volume of 103,300,719. The company has a 50-day simple moving average of $175.67 and a two-hundred day simple moving average of $208.64. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a market cap of $541.99 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 3.82 and a beta of 2.39. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 13.68% and a net margin of 14.37%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. On average, analysts anticipate that Tesla, Inc. will post 1.97 earnings per share for the current year.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

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.