Tesla, Inc. $TSLA Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 26.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 591 shares of the electric vehicle producer’s stock after selling 214 shares during the period. Trifecta Capital Advisors LLC’s holdings in Tesla were worth $188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Means Investment CO. Inc. grew its position in shares of Tesla by 37.7% during the first 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 during the last quarter. Siren L.L.C. bought a new position in shares of Tesla during the first quarter worth about $2,332,000. Zuckerman Investment Group LLC grew its position in Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new position in Tesla in the 1st quarter valued at about $594,000. Finally, Strs Ohio bought a new position in Tesla in the 1st quarter valued at about $205,495,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA opened at $435.54 on Friday. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $373.75 and a 200-day moving average of $326.64. The firm has a market cap of $1.45 trillion, a price-to-earnings ratio of 251.76, a price-to-earnings-growth ratio of 16.04 and a beta of 2.08.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. UBS Group set a $247.00 target price on shares of Tesla in a research report on Monday. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Morgan Stanley reiterated an “overweight” rating and issued a $410.00 target price on shares of Tesla in a research report on Thursday, October 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $355.00 target price on shares of Tesla in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $349.37.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by corporate insiders.

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.