Bryn Mawr Capital Management LLC Has $3.04 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Bryn Mawr Capital Management LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,252 shares of the electric vehicle producer’s stock after selling 150 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Tesla were worth $3,044,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Opal Wealth Advisors LLC lifted its holdings in shares of Tesla by 1.0% in the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after purchasing an additional 42 shares in the last quarter. Holderness Investments Co. lifted its holdings in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after purchasing an additional 42 shares in the last quarter. SCS Capital Management LLC lifted its holdings in shares of Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after purchasing an additional 45 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after acquiring an additional 45 shares in the last quarter. Finally, ML & R Wealth Management LLC raised its holdings in Tesla by 2.6% during the third quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock worth $455,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction 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 approximately $2,631,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on 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 transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,098 shares of company stock valued at $38,802,534. 25.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. UBS Group dropped their target price on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a research note on Friday, April 19th. Morgan Stanley dropped their price objective on Tesla from $320.00 to $310.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Royal Bank of Canada dropped their price objective on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, China Renaissance assumed coverage on Tesla in a research note on Monday, February 26th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $186.70.

Tesla Price Performance

NASDAQ:TSLA traded down $1.89 during trading hours on Friday, reaching $168.29. 109,309,500 shares of the company were exchanged, compared to its average volume of 103,386,453. The company has a market capitalization of $535.97 billion, a P/E ratio of 42.93, a P/E/G ratio of 4.28 and a beta of 2.39. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. The business has a 50 day moving average of $175.04 and a 200 day moving average of $208.00.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current year.

Tesla Company 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.