Tesla, Inc. $TSLA Shares Sold by Sava Infond d.o.o.

Sava Infond d.o.o. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 45.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,965 shares of the electric vehicle producer's stock after selling 2,500 shares during the quarter. Sava Infond d.o.o.'s holdings in Tesla were worth $942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Brighton Jones LLC lifted its position in shares of Tesla by 11.8% during 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 last quarter. Revolve Wealth Partners LLC raised its holdings 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 buying an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares during the period. Congress Asset Management Co. acquired a new stake in shares of Tesla during the first quarter valued at approximately $315,000. Finally, Princeton Global Asset Management LLC boosted its stake in Tesla by 17.7% in the 1st quarter. Princeton Global Asset Management LLC now owns 604 shares of the electric vehicle producer's stock worth $157,000 after purchasing an additional 91 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 1.4%

Shares of TSLA opened at $429.83 on Monday. The stock's 50-day moving average price is $364.02 and its 200 day moving average price is $322.58. The company has a quick ratio of 1.55, a current ratio of 2.04 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 firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 248.46, a P/E/G ratio of 14.93 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share 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%.Tesla's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on TSLA shares. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a research report on Friday, September 26th. China Renaissance reaffirmed a "hold" rating and set a $349.00 target price on shares of Tesla in a research note on Friday, July 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Tesla in a research report on Saturday, September 27th. Stifel Nicolaus set a $440.00 price objective on shares of Tesla in a research report on Friday, September 5th. Finally, Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus target price of $343.43.

Insider Activity

In other news, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company'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. The trade was a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 204,606 shares of company stock worth $76,188,902. 19.90% of the stock is currently owned by corporate insiders.

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.

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