Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,663 shares of the electric vehicle producer’s stock after selling 499 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Tesla were worth $1,883,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Paradigm Asset Management Co. LLC boosted its holdings in shares of Tesla by 163.9% in the 4th quarter. Paradigm Asset Management Co. LLC now owns 966 shares of the electric vehicle producer’s stock valued at $390,000 after purchasing an additional 600 shares during the last quarter. Compass Capital Corp MA ADV purchased a new position in shares of Tesla in the 4th quarter worth $1,505,000. Cordatus Wealth Management LLC boosted its holdings in Tesla by 4.5% in the fourth quarter. Cordatus Wealth Management LLC now owns 7,274 shares of the electric vehicle producer’s stock valued at $2,937,000 after acquiring an additional 310 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Tesla during the fourth quarter valued at about $169,000. Finally, Legacy Capital Group California Inc. increased its stake in Tesla by 3.7% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,154 shares of the electric vehicle producer’s stock worth $870,000 after acquiring an additional 76 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a research note on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a “cautious” rating on shares of Tesla in a research report on Monday, February 10th. Canaccord Genuity Group increased their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. New Street Research upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a report on Monday, January 6th. Finally, Evercore ISI increased their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday, January 3rd. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $319.57.

Tesla Stock Performance

TSLA stock opened at $330.53 on Tuesday. The stock’s 50 day simple moving average is $397.52 and its 200 day simple moving average is $314.96. 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 $1.06 trillion, a P/E ratio of 162.03, a P/E/G ratio of 5.86 and a beta of 2.34. 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 (NASDAQ:TSLA) last issued 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 10.31% and a net margin of 7.26%. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $30,095,100. This represents a 56.94 % 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 worth $195,995,200 over the last quarter. 20.70% of the stock is owned by company insiders.

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.