Tesla, Inc. $TSLA Shares Sold by Capital Impact Advisors LLC

Capital Impact Advisors LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,195 shares of the electric vehicle producer’s stock after selling 1,959 shares during the period. Tesla makes up approximately 2.6% of Capital Impact Advisors LLC’s portfolio, making the stock its 18th largest position. Capital Impact Advisors LLC’s holdings in Tesla were worth $8,724,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla during the 2nd quarter worth $26,000. LGT Financial Advisors LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 2nd quarter worth approximately $30,000. ESL Trust Services LLC boosted its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Finally, Chelsea Counsel Co. increased its holdings in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TSLA. Canaccord Genuity Group decreased their price target on Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. HSBC restated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Piper Sandler reiterated an “overweight” rating and set a $500.00 price target on shares of Tesla in a research note on Tuesday. Barclays restated a “neutral” rating and issued a $350.00 price objective on shares of Tesla in a report on Monday, December 1st. Finally, Melius began coverage on shares of Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $399.33.

Tesla Price Performance

Tesla stock opened at $458.96 on Friday. The stock has a market cap of $1.53 trillion, a P/E ratio of 305.97, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87. The company has a fifty day simple moving average of $435.52 and a 200-day simple moving average of $376.29. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the business earned $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock worth $52,137,945 over the last three months. Insiders own 19.90% of the company’s stock.

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.