Northwest Capital Management Inc Sells 899 Shares of Tesla, Inc. $TSLA

Northwest Capital Management Inc lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 61.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 573 shares of the electric vehicle producer's stock after selling 899 shares during the period. Northwest Capital Management Inc's holdings in Tesla were worth $182,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Defender Capital LLC. raised its position in shares of Tesla by 16.8% in the 2nd quarter. Defender Capital LLC. now owns 13,580 shares of the electric vehicle producer's stock worth $4,314,000 after acquiring an additional 1,950 shares in the last quarter. NorthRock Partners LLC raised its position in shares of Tesla by 6.0% in the 2nd quarter. NorthRock Partners LLC now owns 59,027 shares of the electric vehicle producer's stock worth $18,750,000 after acquiring an additional 3,339 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Tesla by 2.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 16,255 shares of the electric vehicle producer's stock worth $5,164,000 after acquiring an additional 453 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Tesla by 20.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 97,926 shares of the electric vehicle producer's stock worth $31,107,000 after acquiring an additional 16,613 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Tesla by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 242,256 shares of the electric vehicle producer's stock worth $76,955,000 after buying an additional 1,805 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 in the last ninety days. Insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Tesla from $333.00 to $490.00 and gave the stock a "buy" rating in a research note on Tuesday, September 30th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Thursday, July 24th. Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. Evercore ISI upped their price target on Tesla from $235.00 to $300.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Stifel Nicolaus set a $483.00 price target on Tesla and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $363.03.

Tesla Stock Performance

Shares of TSLA opened at $429.24 on Wednesday. The business's fifty day simple moving average is $380.91 and its two-hundred day simple moving average is $330.17. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The company has a market cap of $1.43 trillion, a price-to-earnings ratio of 248.12, a P/E/G ratio of 15.71 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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 business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. Research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla 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.

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