Tesla, Inc. $TSLA Stock Holdings Trimmed by Carrera Capital Advisors

Key Points

• Carrera Capital Advisors has reduced its Tesla shareholding by 65.2%, now owning 2,031 shares worth approximately $645,000.
• Insider transactions included Director James R. Murdoch selling 60,000 shares for over $25 million, indicating a 8.61% decrease in his ownership.
• Analysts have mixed opinions on Tesla, with an average price target of $380.03 and several recent upgrades, including JPMorgan raising its price objective from $115 to $150.

Carrera Capital Advisors reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 65.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,031 shares of the electric vehicle producer's stock after selling 3,799 shares during the quarter. Carrera Capital Advisors' holdings in Tesla were worth $645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Tesla by 1.5% in the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after buying an additional 3,694,524 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Tesla by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after purchasing an additional 849,091 shares during the last quarter. Amundi grew its holdings in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Tesla by 17.6% during the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock valued at $3,832,047,000 after purchasing an additional 2,211,300 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. This trade represents a 8.61% 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 hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. William Blair reaffirmed a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Industrial Alliance Securities set a $300.00 price target on Tesla in a research report on Monday, October 13th. Dbs Bank lifted their price target on Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have given a Hold rating and eleven have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $380.03.

Tesla Stock Performance

NASDAQ TSLA opened at $433.72 on Friday. The firm has a market cap of $1.44 trillion, a price-to-earnings ratio of 289.15, a PEG ratio of 16.13 and a beta of 2.08. The company has a 50 day moving average of $398.06 and a 200-day moving average of $339.92. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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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