Sandbox Financial Partners LLC Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Sandbox Financial Partners LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 40.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,478 shares of the electric vehicle producer’s stock after purchasing an additional 425 shares during the quarter. Sandbox Financial Partners LLC’s holdings in Tesla were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSLA. Norges Bank acquired a new position in Tesla during the 4th quarter worth $3,459,540,000. Moneta Group Investment Advisors LLC raised its stake in Tesla by 180,125.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after buying an additional 26,836,879 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Tesla by 203.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock worth $5,360,358,000 after buying an additional 13,558,882 shares during the last quarter. Morgan Stanley increased its holdings in shares of Tesla by 26.3% in the 4th quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock valued at $3,132,119,000 after acquiring an additional 5,292,464 shares during the last quarter. Finally, State Street Corp boosted its holdings 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 worth $27,254,286,000 after purchasing an additional 4,431,570 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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. In the last 90 days, insiders have sold 198,598 shares of company stock worth $36,952,434. 25.10% of the stock is owned by corporate insiders.

Tesla Stock Down 2.2 %

NASDAQ:TSLA traded down $4.04 during trading hours on Friday, hitting $175.79. 77,654,838 shares of the company’s stock traded hands, compared to its average volume of 95,391,528. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The firm has a market cap of $559.85 billion, a P/E ratio of 40.79, a P/E/G ratio of 4.06 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The stock’s fifty day moving average price is $187.78 and its two-hundred day moving average price is $222.06.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Tesla from $218.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their price objective on Tesla from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Daiwa Capital Markets downgraded shares of Tesla from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Jefferies Financial Group cut their price objective on shares of Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, January 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $320.00 target price on shares of Tesla in a research report on Wednesday. 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 company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $204.63.

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.