Tesla, Inc. $TSLA Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 51.7% during the second quarter, HoldingsChannel reports. The firm owned 236 shares of the electric vehicle producer’s stock after selling 253 shares during the period. Thompson Investment Management Inc.’s holdings in Tesla were worth $75,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Means Investment CO. Inc. increased its stake in Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Siren L.L.C. purchased a new position in Tesla in the 1st quarter worth about $2,332,000. Zuckerman Investment Group LLC increased its stake 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 worth $3,304,000 after purchasing an additional 826 shares in the last quarter. Keystone Global Partners LLC purchased a new position in Tesla in the 1st quarter worth about $594,000. Finally, Strs Ohio purchased a new position in Tesla during the 1st quarter valued at about $205,495,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is currently owned by insiders.

Tesla Stock Down 5.1%

Shares of Tesla stock opened at $413.49 on Friday. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 239.01, a P/E/G ratio of 15.01 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54. The stock has a 50-day simple moving average of $375.97 and a 200-day simple moving average of $327.89.

Tesla (NASDAQ:TSLA) last announced its quarterly 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 firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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.

Analysts Set New Price Targets

TSLA has been the topic of several research analyst reports. UBS Group set a $247.00 target price on Tesla in a research note on Monday, October 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $410.00 target price on shares of Tesla in a research note on Thursday, October 2nd. Wedbush lifted their target price on Tesla from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. The Goldman Sachs Group lifted their target price on Tesla from $395.00 to $425.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Two investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $354.67.

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.