Alexis Investment Partners LLC Sells 625 Shares of Tesla, Inc. $TSLA

Key Points

• Alexis Investment Partners LLC reduced its Tesla holdings by 13.3%, selling 625 shares, and now owns 4,073 shares valued at approximately $1,318,000.
• Recent insider trading saw SVP Xiaotong Zhu sell 20,000 shares for $7.27 million, reducing their stake by nearly 30%.
• Analysts have varied opinions on Tesla, with target prices ranging from $325 to $600, and an average rating of "Hold."

Alexis Investment Partners LLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,073 shares of the electric vehicle producer's stock after selling 625 shares during the period. Tesla comprises about 0.6% of Alexis Investment Partners LLC's investment portfolio, making the stock its 25th biggest position. Alexis Investment Partners LLC's holdings in Tesla were worth $1,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First PREMIER Bank grew its holdings in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Tesla in the 1st quarter worth $27,000. Chelsea Counsel Co. grew 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 worth $28,000 after acquiring an additional 40 shares during the last quarter. Centennial Bank AR grew its holdings in Tesla by 833.3% in the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Finally, Compass Wealth Management LLC grew its holdings in Tesla by 360.0% in the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction dated 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 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 owned by corporate insiders.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a "buy" rating in a report on Monday, October 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesla in a research report on Wednesday. Wedbush raised their target price on shares of Tesla from $500.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Finally, Royal Bank Of Canada raised their target price on shares of Tesla from $325.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $363.54.

Tesla Stock Up 2.5%

NASDAQ:TSLA opened at $439.31 on Monday. The firm has a market cap of $1.46 trillion, a P/E ratio of 253.94, a P/E/G ratio of 15.79 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The firm has a 50-day simple moving average of $387.54 and a two-hundred day simple moving average of $334.06.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.