Bay Rivers Group Acquires 110 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bay Rivers Group boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,509 shares of the electric vehicle producer’s stock after buying an additional 110 shares during the period. Bay Rivers Group’s holdings in Tesla were worth $1,417,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Level Financial Advisors acquired a new position in Tesla during the 4th quarter worth approximately $215,000. JDH Wealth Management LLC bought a new stake in shares of Tesla in the fourth quarter worth $585,000. Nilsine Partners LLC boosted its holdings in Tesla by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 14,322 shares of the electric vehicle producer’s stock worth $5,784,000 after purchasing an additional 77 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Tesla by 4.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 36,101 shares of the electric vehicle producer’s stock valued at $14,579,000 after purchasing an additional 1,407 shares in the last quarter. Finally, tru Independence LLC bought a new stake in Tesla during the 4th quarter worth about $233,000. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $31,548,461.84. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock valued at $196,305,796 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TSLA shares. Morgan Stanley raised their target price on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Robert W. Baird cut their target price on shares of Tesla from $480.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Finally, Canaccord Genuity Group lifted their target price on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $318.31.

Tesla Trading Up 2.9 %

TSLA opened at $400.28 on Friday. The company has a market cap of $1.28 trillion, a P/E ratio of 109.67, a PEG ratio of 8.42 and a beta of 2.30. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $401.98 and its 200-day moving average is $297.28. 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 analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.24% and a net margin of 13.07%. Equities research analysts predict that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

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.