Stonebrook Private Inc. Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Stonebrook Private Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,167 shares of the electric vehicle producer’s stock, valued at approximately $538,000.

A number of other large investors have also recently bought and sold shares of the company. Once Capital Management LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $1,491,000. Principle Wealth Partners LLC boosted its holdings in shares of Tesla by 2.5% in the 4th quarter. Principle Wealth Partners LLC now owns 19,840 shares of the electric vehicle producer’s stock valued at $4,930,000 after buying an additional 479 shares during the last quarter. Opinicus Capital Inc. acquired a new stake in Tesla during the 4th quarter valued at $605,000. Unique Wealth Strategies LLC acquired a new stake in Tesla during the 4th quarter valued at $1,237,000. Finally, Motley Fool Wealth Management LLC lifted its holdings in Tesla by 9.7% during the 4th quarter. Motley Fool Wealth Management LLC now owns 2,101 shares of the electric vehicle producer’s stock valued at $522,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Truist Financial cut their price target on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Mizuho cut their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Barclays cut their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. The Goldman Sachs Group lowered their price objective on Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, TD Cowen lowered their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research report on Thursday, January 25th. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $186.70.

Tesla Stock Performance

Tesla stock opened at $168.29 on Monday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $175.04 and its two-hundred day moving average price is $207.22. The stock has a market cap of $536.71 billion, a PE ratio of 42.93, a P/E/G ratio of 4.45 and a beta of 2.40.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $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 valued at $38,802,534. 20.90% of the stock is currently owned by corporate 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.