Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Investment House LLC

Investment House LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 11.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,350 shares of the electric vehicle producer’s stock after selling 660 shares during the period. Investment House LLC’s holdings in Tesla were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC lifted its position in shares of Tesla by 5.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock worth $6,203,000 after purchasing an additional 1,189 shares in the last quarter. Annapolis Financial Services LLC lifted its position in shares of Tesla by 128.7% during the fourth quarter. Annapolis Financial Services LLC now owns 295 shares of the electric vehicle producer’s stock worth $73,000 after purchasing an additional 166 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Tesla during the fourth quarter worth about $62,000. Nikulski Financial Inc. lifted its position in shares of Tesla by 5.9% during the fourth quarter. Nikulski Financial Inc. now owns 1,085 shares of the electric vehicle producer’s stock worth $270,000 after purchasing an additional 60 shares in the last quarter. Finally, Heritage Investment Group Inc. acquired a new stake in Tesla in the fourth quarter valued at approximately $518,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction that occurred on 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 directly owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by corporate insiders.

Tesla Stock Performance

TSLA traded up $2.17 during midday trading on Wednesday, reaching $223.27. The company’s stock had a trading volume of 69,951,345 shares, compared to its average volume of 98,836,922. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98. The stock has a market cap of $713.27 billion, a P/E ratio of 56.76, a PEG ratio of 5.60 and a beta of 2.31. The company has a fifty day simple moving average of $217.13 and a 200 day simple moving average of $191.47. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the business posted $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Glj Research raised their target price on shares of Tesla from $22.86 to $24.86 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a report on Thursday, April 25th. China Renaissance raised shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, July 5th. Barclays reduced their target price on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Finally, Royal Bank of Canada cut their price objective on shares of Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $204.21.

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.