Mission Creek Capital Partners Inc. Sells 1,000 Shares of Tesla, Inc. $TSLA

Mission Creek Capital Partners Inc. reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 43.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,280 shares of the electric vehicle producer’s stock after selling 1,000 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Tesla were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Means Investment CO. Inc. lifted its position 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 buying an additional 6,323 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after buying an additional 670 shares during the last quarter. Zuckerman Investment Group LLC lifted its position 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 buying an additional 826 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Tesla during the 1st quarter worth $594,000. Finally, IFM Investors Pty Ltd lifted its position in shares of Tesla by 8.5% during the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer’s stock worth $153,436,000 after buying an additional 46,087 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSLA shares. Canaccord Genuity Group lifted their price target on Tesla from $303.00 to $333.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada reissued an “overweight” rating on shares of Tesla in a research note on Tuesday, July 29th. Argus reissued a “hold” rating on shares of Tesla in a research note on Monday, June 9th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Tesla in a research note on Monday, August 4th. Finally, HSBC reissued a “reduce” rating and set a $120.00 price target on shares of Tesla in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fifteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $303.31.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the transaction, the chief financial officer owned 1,950 shares in the company, valued at $664,989. The trade was a 75.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,564 shares of company stock worth $51,792,190. Corporate insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $345.98 on Friday. Tesla, Inc. has a 1 year low of $205.97 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The company has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 199.99, a price-to-earnings-growth ratio of 12.15 and a beta of 2.33. The business has a 50-day moving average of $323.35 and a 200-day moving average of $303.11.

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