West Branch Capital LLC Sells 771 Shares of Tesla, Inc. (NASDAQ:TSLA)

West Branch Capital LLC decreased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 744 shares of the electric vehicle producer’s stock after selling 771 shares during the period. West Branch Capital LLC’s holdings in Tesla were worth $185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Tesla by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock worth $56,534,710,000 after buying an additional 3,453,078 shares during the period. State Street Corp boosted its stake in Tesla by 4.4% in the second quarter. State Street Corp now owns 104,115,390 shares of the electric vehicle producer’s stock valued at $27,254,286,000 after acquiring an additional 4,431,570 shares during the last quarter. Morgan Stanley grew its holdings in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. FMR LLC raised its position in shares of Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after acquiring an additional 269,182 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Tesla in the 4th quarter valued at $3,459,540,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research report on Monday, March 25th. JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Mizuho reissued a “neutral” rating and set a $195.00 price target (down from $270.00) on shares of Tesla in a research report on Monday, March 25th. Finally, Truist Financial lowered their price objective on shares of Tesla from $227.00 to $193.00 and set a “hold” rating for the company in a research report on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $204.63.

Check Out Our Latest Research Report on Tesla

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 198,598 shares of company stock valued at $36,952,434 in the last ninety days. 25.10% of the stock is currently owned by corporate insiders.

Tesla Trading Down 2.2 %

TSLA stock opened at $175.79 on Friday. The stock has a market cap of $559.85 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 3.97 and a beta of 2.41. The company has a fifty day moving average price of $186.33 and a two-hundred day moving average price of $221.06. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. Equities analysts anticipate that Tesla, Inc. will post 2.44 EPS for the current year.

About Tesla

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.