Cambridge Trust Co. Has $1.29 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Cambridge Trust Co. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,182 shares of the electric vehicle producer’s stock after buying an additional 92 shares during the period. Cambridge Trust Co.’s holdings in Tesla were worth $1,288,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Mount Vernon Associates Inc. MD increased its position in Tesla by 5.3% in 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. Oak Ridge Investments LLC lifted its holdings in shares of Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after buying an additional 1,405 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Tesla by 3.7% in the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after acquiring an additional 25,943 shares during the period. Nordea Investment Management AB grew its stake in Tesla by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after acquiring an additional 81,729 shares in the last quarter. Finally, First National Corp MA ADV lifted its stake in Tesla by 30.0% in the 4th quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock worth $348,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock valued at $38,802,534 over the last quarter. 25.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. KGI Securities reaffirmed a “neutral” rating and issued a $213.00 price target (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. UBS Group lowered their price target on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Citigroup cut their price objective on Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Edward Jones downgraded shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Daiwa Capital Markets cut shares of Tesla from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Ten analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $194.70.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $149.20 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company has a market cap of $475.17 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 4.11 and a beta of 2.39. Tesla, Inc. has a 12 month low of $148.70 and a 12 month high of $299.29. The company has a 50-day moving average price of $179.45 and a 200-day moving average price of $212.21.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

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.