Yousif Capital Management LLC Sells 2,301 Shares of Tesla, Inc. $TSLA

Key Points

• Yousif Capital Management LLC reduced its stake in Tesla, selling 2,301 shares for a total holding of 339,681 shares, making Tesla 1.2% of its portfolio, valued at approximately $107.9 million.
• Tesla's stock recently opened at $429.24, with a 12-month high of $488.54 and a low of $212.11, while analysts expect the company to post earnings of $2.56 per share for the current year.
• Insider activity included Director James R. Murdoch selling 60,000 shares for over $25 million, leading to a decrease in their ownership by 8.61%.

Yousif Capital Management LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,681 shares of the electric vehicle producer's stock after selling 2,301 shares during the period. Tesla comprises 1.2% of Yousif Capital Management LLC's portfolio, making the stock its 10th largest holding. Yousif Capital Management LLC's holdings in Tesla were worth $107,903,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC increased its holdings in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank grew its stake in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Tesla in the 1st quarter valued at approximately $27,000. Newton One Investments LLC grew its stake in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Finally, Chelsea Counsel Co. grew its stake in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 1.5%

Shares of Tesla stock opened at $429.24 on Wednesday. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 248.12, a PEG ratio of 15.71 and a beta of 2.08. The stock has a 50 day moving average price of $380.91 and a two-hundred day moving average price of $330.17.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The firm's revenue was down 11.8% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TSLA shares. Stifel Nicolaus set a $483.00 price target on Tesla and gave the company a "buy" rating in a research note on Wednesday, October 8th. UBS Group set a $247.00 target price on shares of Tesla in a research report on Monday, October 6th. Wedbush increased their target price on shares of Tesla from $500.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday, September 26th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Mizuho upped their target price on Tesla from $375.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $363.03.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director directly owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.