Tesla, Inc. $TSLA Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 69.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 753 shares of the electric vehicle producer's stock after selling 1,722 shares during the period. Hudson Value Partners LLC's holdings in Tesla were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC increased its stake in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Tesla by 3.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,605 shares of the electric vehicle producer's stock worth $1,193,000 after buying an additional 165 shares during the last quarter. Finally, Apella Capital LLC raised its stake in shares of Tesla by 17.6% during the first quarter. Apella Capital LLC now owns 4,399 shares of the electric vehicle producer's stock worth $1,197,000 after purchasing an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA opened at $436.00 on Friday. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The stock has a market cap of $1.45 trillion, a P/E ratio of 252.02, a PEG ratio of 15.97 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $361.74 and a two-hundred day moving average of $319.98.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSLA. Guggenheim reissued a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. Robert W. Baird raised shares of Tesla from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $320.00 to $548.00 in a report on Friday, September 19th. UBS Group restated a "sell" rating and issued a $215.00 price objective on shares of Tesla in a research report on Thursday. Canaccord Genuity Group boosted their target price on Tesla from $333.00 to $490.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, William Blair reissued a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have given a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $341.46.

Insider Activity

In related news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 208,606 shares of company stock worth $77,360,462 over the last three months. 19.90% of the stock is currently owned by corporate insiders.

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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