Copperwynd Financial LLC Has $5.15 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Copperwynd Financial LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 19,867 shares of the electric vehicle producer's stock after selling 2,342 shares during the quarter. Tesla comprises approximately 1.4% of Copperwynd Financial LLC's holdings, making the stock its 12th largest holding. Copperwynd Financial LLC's holdings in Tesla were worth $5,149,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its position in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. Navigoe LLC acquired a new stake in shares of Tesla during the 4th quarter valued at approximately $37,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the 4th quarter valued at approximately $38,000. Finally, Cherry Tree Wealth Management LLC raised its position in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Down 0.5%

Shares of NASDAQ TSLA traded down $1.61 during mid-day trading on Monday, reaching $328.04. 61,863,900 shares of the company traded hands, compared to its average volume of 98,794,736. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The stock has a market cap of $1.06 trillion, a PE ratio of 180.61, a price-to-earnings-growth ratio of 12.56 and a beta of 2.39. The company's fifty day moving average is $326.27 and its two-hundred day moving average is $316.26. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period in the prior year, the company posted $0.45 EPS. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the topic of several research reports. HSBC reissued a "reduce" rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, July 3rd. Raymond James Financial downgraded Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Canaccord Genuity Group restated a "buy" rating and set a $303.00 price objective on shares of Tesla in a research note on Monday, June 30th. Finally, Morgan Stanley restated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research note on Friday, June 6th. Ten research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $298.97.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the transaction, the director owned 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director owned 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 835,509 shares of company stock worth $279,420,485. Corporate insiders own 20.70% of the company's stock.

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.