EdgeRock Capital LLC Has $1.32 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

EdgeRock Capital LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 24.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,299 shares of the electric vehicle producer’s stock after buying an additional 1,055 shares during the quarter. Tesla accounts for approximately 1.0% of EdgeRock Capital LLC’s investment portfolio, making the stock its 14th largest position. EdgeRock Capital LLC’s holdings in Tesla were worth $1,317,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of Tesla by 6.6% in the 3rd quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock valued at $6,505,000 after purchasing an additional 1,604 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its holdings in shares of Tesla by 11.8% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 5,920 shares of the electric vehicle producer’s stock worth $1,481,000 after buying an additional 625 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Tesla by 1.7% in the 3rd quarter. Cambridge Trust Co. now owns 5,090 shares of the electric vehicle producer’s stock valued at $1,274,000 after acquiring an additional 83 shares in the last quarter. NBT Bank N A NY bought a new position in shares of Tesla during the 3rd quarter worth about $624,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Tesla by 9.1% in the third quarter. Chicago Partners Investment Group LLC now owns 9,752 shares of the electric vehicle producer’s stock worth $2,440,000 after acquiring an additional 817 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA traded down $6.95 during midday trading on Tuesday, reaching $177.81. The company had a trading volume of 74,627,156 shares, compared to its average volume of 104,115,875. The business has a 50-day moving average of $173.12 and a two-hundred day moving average of $204.32. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a market cap of $567.07 billion, a P/E ratio of 45.36, a P/E/G ratio of 4.74 and a beta of 2.41.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research reports. China Renaissance assumed coverage on shares of Tesla in a report on Monday, February 26th. They set a “hold” rating on the stock. Jefferies Financial Group cut their price target on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Evercore ISI lowered their target price on Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $185.90.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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 ninety days, insiders sold 302,803 shares of company stock worth $56,124,840. 20.90% of the stock is owned by company insiders.

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.