Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Northwest Capital Management Inc

by · The Cerbat Gem

Northwest Capital Management Inc trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 24.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,472 shares of the electric vehicle producer’s stock after selling 466 shares during the quarter. Northwest Capital Management Inc’s holdings in Tesla were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eagle Capital Management LLC purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $331,000. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $346,000. Finally, Highview Capital Management LLC DE purchased a new stake in shares of Tesla during the fourth quarter valued at approximately $2,367,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at approximately $1,777,200. This represents a 25.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president directly owned 67,600 shares of the company’s stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock valued at $279,420,485 over the last 90 days. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $313.51 on Friday. The company has a market capitalization of $1.01 trillion, a P/E ratio of 172.26, a PEG ratio of 9.22 and a beta of 2.39. The company has a 50-day simple moving average of $322.60 and a 200 day simple moving average of $321.24. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on TSLA shares. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Wells Fargo & Company dropped their price target on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Glj Research restated a “sell” rating and issued a $19.05 price target (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Barclays dropped their price target on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Finally, Cantor Fitzgerald lowered their target price on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $300.19.

View Our Latest Stock Report on Tesla

Tesla Profile

(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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