Coppell Advisory Solutions LLC Lowers Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Coppell Advisory Solutions LLC significantly reduced its stake in Tesla, cutting holdings by 82.7% to just 8,734 shares, valued at approximately $2.26 million.
• Several institutional investors increased their investments in Tesla, with Cherry Tree Wealth Management raising holdings by 86.3% and Centennial Bank AR increasing by 833.3% in the first quarter.
• Tesla reported a missed earnings estimate for the last quarter, with earnings per share of $0.40, below the expected $0.43, alongside a revenue decrease of 11.8% year-over-year.

Coppell Advisory Solutions LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 82.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,734 shares of the electric vehicle producer's stock after selling 41,729 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Tesla were worth $2,264,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC raised its holdings in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Tesla by 79.2% in the first 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. Newton One Investments LLC raised its holdings in shares of Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla in the first quarter worth $27,000. Finally, Centennial Bank AR raised its holdings in shares of Tesla by 833.3% in the first 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. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $350.84 on Monday. The firm has a market capitalization of $1.13 trillion, a PE ratio of 202.80, a P/E/G ratio of 12.24 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The business has a 50-day moving average of $324.00 and a two-hundred day moving average of $301.88. Tesla, Inc. has a 12 month low of $210.51 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 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 return on equity of 7.98% and a net margin of 6.54%.The business's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at approximately $1,777,200. This trade represents a 25.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,000 shares of company stock worth $48,663,510. 20.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSLA shares. William Blair reiterated a "market perform" rating on shares of Tesla in a research note on Friday. Argus reiterated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. UBS Group set a $290.00 target price on Tesla in a research note on Monday, June 30th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, July 24th. Finally, Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $303.00.

About Tesla

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.

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