Koshinski Asset Management Inc. decreased its holdings in Tesla Inc (NASDAQ:TSLA) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,411 shares of the electric vehicle producer’s stock after selling 59 shares during the period. Koshinski Asset Management Inc.’s holdings in Tesla were worth $1,524,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TSLA. 1832 Asset Management L.P. grew its holdings in shares of Tesla by 12.4% during the fourth quarter. 1832 Asset Management L.P. now owns 199 shares of the electric vehicle producer’s stock valued at $83,000 after buying an additional 22 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Tesla by 401.5% during the fourth quarter. Macquarie Group Ltd. now owns 15,587 shares of the electric vehicle producer’s stock worth $6,521,000 after buying an additional 12,479 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Tesla by 21.6% during the fourth quarter. Quadrant Capital Group LLC now owns 919 shares of the electric vehicle producer’s stock worth $371,000 after buying an additional 163 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Tesla by 486.1% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 211 shares of the electric vehicle producer’s stock worth $110,000 after buying an additional 175 shares in the last quarter. Finally, Woodstock Corp purchased a new stake in shares of Tesla during the first quarter worth about $235,000. 50.37% of the stock is owned by hedge funds and other institutional investors.
TSLA opened at $1,430.76 on Friday. The stock has a market capitalization of $265.22 billion, a PE ratio of 745.19, a P/E/G ratio of 25.76 and a beta of 1.19. The firm’s fifty day moving average price is $1,259.00 and its 200 day moving average price is $833.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.25 and a quick ratio of 0.87. Tesla Inc has a 12-month low of $211.00 and a 12-month high of $1,794.99.
In other Tesla news, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $827.00, for a total transaction of $124,050.00. Following the completion of the sale, the chief financial officer now owns 11,132 shares in the company, valued at $9,206,164. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $785.75, for a total transaction of $1,571,500.00. Following the sale, the senior vice president now owns 6,145 shares of the company’s stock, valued at approximately $4,828,433.75. The disclosure for this sale can be found here. Insiders sold 23,910 shares of company stock worth $24,705,348 over the last ninety days. 23.00% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group reiterated a “neutral” rating on shares of Tesla in a report on Tuesday. BofA Securities boosted their target price on shares of Tesla from $500.00 to $800.00 and gave the company an “underperform” rating in a report on Wednesday, July 22nd. Wedbush boosted their target price on shares of Tesla from $1,000.00 to $1,250.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. ValuEngine downgraded shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Goldman Sachs Group boosted their target price on shares of Tesla to $1,475.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $846.94.
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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