Valley Brook Capital Group Inc. Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Valley Brook Capital Group Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 928 shares of the electric vehicle producer’s stock after buying an additional 65 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Tesla were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Holderness Investments Co. raised its position in Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after purchasing an additional 42 shares during the period. SCS Capital Management LLC grew its stake in Tesla by 0.3% in the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after acquiring an additional 45 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in Tesla by 0.4% in the 4th 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. ML & R Wealth Management LLC grew its stake in Tesla by 2.6% in the 3rd 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. Finally, LCM Capital Management Inc grew its stake in Tesla by 3.5% in the 3rd quarter. LCM Capital Management Inc now owns 1,374 shares of the electric vehicle producer’s stock worth $344,000 after acquiring an additional 46 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $1.18 during midday trading on Friday, reaching $181.19. The company had a trading volume of 75,491,539 shares, compared to its average volume of 112,969,304. The business’s 50-day simple moving average is $173.85 and its 200 day simple moving average is $204.81. The stock has a market cap of $577.85 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction 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 $11,188,215.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock valued at $38,802,534. Insiders own 25.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TSLA shares. Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Wednesday, April 24th. Wedbush restated an “outperform” rating and issued a $275.00 target price on shares of Tesla in a research note on Monday, April 29th. Truist Financial dropped their target price on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Barclays dropped their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research note on Wednesday, April 17th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $185.90.

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.