Sapient Capital LLC Sells 90 Shares of Tesla, Inc. $TSLA

by · The Cerbat Gem

Sapient Capital LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 0.5% during the second quarter, HoldingsChannel.com reports. The fund owned 17,937 shares of the electric vehicle producer’s stock after selling 90 shares during the quarter. Sapient Capital LLC’s holdings in Tesla were worth $5,698,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted 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 worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of 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 in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Tesla during the 4th quarter worth about $346,000. Highview Capital Management LLC DE bought a new position in shares of Tesla during the 4th quarter worth about $2,367,000. Finally, Bison Wealth LLC boosted its position in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TSLA shares. Royal Bank Of Canada reissued an “overweight” rating on shares of Tesla in a research report on Tuesday, July 29th. Stifel Nicolaus set a $440.00 target price on shares of Tesla in a report on Friday, September 5th. Morgan Stanley restated an “overweight” rating and issued a $410.00 target price on shares of Tesla in a report on Friday, September 5th. William Blair restated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Finally, Robert W. Baird restated a “neutral” rating and issued a $320.00 target price on shares of Tesla in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $303.00.

Read Our Latest Report on TSLA

Tesla Stock Performance

Tesla stock opened at $421.62 on Wednesday. The stock has a market cap of $1.36 trillion, a P/E ratio of 243.71, a price-to-earnings-growth ratio of 14.30 and a beta of 2.06. The firm’s fifty day moving average price is $333.69 and its 200-day moving average price is $305.35. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

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 analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $0.52 EPS. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% 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 the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the sale, the chief financial officer directly owned 5,924 shares in the company, valued at $1,735,080.36. The trade was a 40.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,606 shares of company stock worth $51,999,662. 20.70% of the stock is currently owned by company insiders.

About Tesla

(Free Report)

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.

See Also

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