Tesla, Inc. $TSLA Holdings Lessened by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 8.2% in the second quarter, Holdings Channel reports. The fund owned 14,115 shares of the electric vehicle producer’s stock after selling 1,265 shares during the quarter. Tesla makes up 2.3% of Oxinas Partners Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Oxinas Partners Wealth Management LLC’s holdings in Tesla were worth $4,484,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TSLA. Goldman Sachs Group Inc. lifted its position in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock worth $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Tesla in the first quarter valued at $3,247,619,000. GAMMA Investing LLC lifted its holdings in shares of Tesla by 27,378.6% in the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer’s stock worth $2,542,960,000 after acquiring an additional 9,776,607 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in shares of Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares during the period. Finally, Amundi grew its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the sale, the chief financial officer owned 5,924 shares of the company’s stock, valued at approximately $1,735,080.36. This represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 208,606 shares of company stock worth $77,360,462. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Tesla from $303.00 to $333.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Royal Bank Of Canada restated an “overweight” rating on shares of Tesla in a report on Tuesday, July 29th. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday, July 24th. HSBC reissued a “reduce” rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Finally, Stifel Nicolaus set a $440.00 price target on shares of Tesla in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $326.74.

Tesla Stock Performance

Shares of Tesla stock opened at $423.39 on Friday. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The stock’s fifty day moving average price is $349.83 and its 200-day moving average price is $312.97. The firm has a market cap of $1.41 trillion, a P/E ratio of 244.73, a P/E/G ratio of 15.45 and a beta of 2.06. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last issued its earnings results 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). The business 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%.The firm’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.