Stonebridge Capital Management Inc. Has $228,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Stonebridge Capital Management Inc. decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 918 shares of the electric vehicle producer’s stock after selling 75 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in Tesla were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TSLA. Apexium Financial LP increased its holdings in shares of Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock valued at $6,201,000 after acquiring an additional 21,972 shares in the last quarter. Mount Vernon Associates Inc. MD raised its holdings in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Forum Financial Management LP lifted its stake in shares of Tesla by 19.7% in the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after buying an additional 3,582 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after buying an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after acquiring an additional 598 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 2.4 %

TSLA traded down $4.46 on Friday, hitting $178.01. 82,038,194 shares of the company were exchanged, compared to its average volume of 68,882,416. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a fifty day simple moving average of $172.90 and a two-hundred day simple moving average of $194.98. The stock has a market capitalization of $567.71 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Sell-side analysts expect that Tesla, Inc. will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSLA shares. Royal Bank of Canada decreased their price target on Tesla from $294.00 to $293.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and set a $275.00 price target on shares of Tesla in a research report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Tesla in a research report on Wednesday. Truist Financial reduced their target price on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $185.90.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock worth $19,285,643 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

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.