Tesla Inc (NASDAQ:TSLA) is Neumann Advisory Hong Kong Ltd’s 5th Largest Position

Neumann Advisory Hong Kong Ltd boosted its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 13.2% in the third quarter, Holdings Channel.com reports. The fund owned 43,000 shares of the electric vehicle producer’s stock after acquiring an additional 5,000 shares during the quarter. Tesla comprises 6.0% of Neumann Advisory Hong Kong Ltd’s portfolio, making the stock its 5th biggest holding. Neumann Advisory Hong Kong Ltd’s holdings in Tesla were worth $10,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Regentatlantic Capital LLC increased its holdings in shares of Tesla by 4.7% in the second quarter. Regentatlantic Capital LLC now owns 994 shares of the electric vehicle producer’s stock valued at $222,000 after purchasing an additional 45 shares during the period. Clarus Wealth Advisors grew its holdings in Tesla by 83.3% during the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 50 shares during the period. BB&T Securities LLC grew its holdings in Tesla by 1.4% during the second quarter. BB&T Securities LLC now owns 3,560 shares of the electric vehicle producer’s stock worth $795,000 after acquiring an additional 50 shares during the period. Truewealth LLC grew its holdings in Tesla by 15.4% during the second quarter. Truewealth LLC now owns 390 shares of the electric vehicle producer’s stock worth $87,000 after acquiring an additional 52 shares during the period. Finally, Sawtooth Solutions LLC grew its holdings in Tesla by 1.0% during the second quarter. Sawtooth Solutions LLC now owns 5,247 shares of the electric vehicle producer’s stock worth $1,172,000 after acquiring an additional 52 shares during the period. Institutional investors own 54.42% of the company’s stock.

In other news, CFO Zachary Kirkhorn sold 150 shares of Tesla stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $255.68, for a total value of $38,352.00. Following the completion of the sale, the chief financial officer now directly owns 9,962 shares of the company’s stock, valued at $2,547,084.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey B. Straubel sold 15,000 shares of Tesla stock in a transaction on Monday, July 29th. The shares were sold at an average price of $230.45, for a total value of $3,456,750.00. Following the completion of the sale, the insider now directly owns 287,723 shares of the company’s stock, valued at $66,305,765.35. The disclosure for this sale can be found here. Insiders sold 15,450 shares of company stock valued at $3,565,073 over the last ninety days. Insiders own 24.40% of the company’s stock.

TSLA stock traded down $12.96 during midday trading on Thursday, hitting $230.17. 6,696,202 shares of the company’s stock were exchanged, compared to its average volume of 6,828,019. The business has a 50-day simple moving average of $230.43 and a two-hundred day simple moving average of $236.76. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $41.23 billion, a PE ratio of -40.24 and a beta of 0.52. Tesla Inc has a 1-year low of $176.99 and a 1-year high of $379.49.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the business earned ($3.06) EPS. Tesla’s revenue was up 58.7% compared to the same quarter last year. As a group, research analysts expect that Tesla Inc will post -7.51 EPS for the current fiscal year.

Several research firms recently commented on TSLA. Canaccord Genuity dropped their target price on Tesla from $394.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Morgan Stanley reiterated a “weight” rating on shares of Tesla in a research report on Thursday. ValuEngine upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reiterated a “sell” rating on shares of Tesla in a research report on Thursday. Finally, Piper Jaffray Companies set a $386.00 price target on Tesla and gave the stock a “buy” rating in a research report on Thursday, September 26th. Eighteen investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Tesla has a consensus rating of “Hold” and a consensus target price of $270.29.

Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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