Aurora Investment Managers LLC. Sells 1,720 Shares of Tesla, Inc. $TSLA

Aurora Investment Managers LLC. reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 23.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,544 shares of the electric vehicle producer’s stock after selling 1,720 shares during the quarter. Aurora Investment Managers LLC.’s holdings in Tesla were worth $1,761,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Means Investment CO. Inc. raised its holdings in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after acquiring an additional 6,323 shares in the last quarter. Siren L.L.C. purchased a new stake in shares of Tesla during the 1st quarter worth approximately $2,332,000. Zuckerman Investment Group LLC raised its holdings in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in shares of Tesla during the 1st quarter worth approximately $594,000. Finally, Strs Ohio purchased a new stake in shares of Tesla during the 1st quarter worth approximately $205,495,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSLA shares. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $320.00 to $548.00 in a report on Friday, September 19th. CICC Research increased their price target on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. UBS Group set a $247.00 price target on Tesla in a report on Monday. Wedbush increased their price target on Tesla from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Glj Research restated a “sell” rating on shares of Tesla in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $349.37.

Tesla Trading Down 0.7%

Tesla stock opened at $435.54 on Friday. The stock has a 50-day moving average of $373.75 and a two-hundred day moving average of $326.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The stock has a market cap of $1.45 trillion, a PE ratio of 251.76, a price-to-earnings-growth ratio of 16.04 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.