North Capital Inc. Sells 248 Shares of Tesla, Inc. $TSLA

North Capital Inc. reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 21.5% during the second quarter, Holdings Channel.com reports. The firm owned 904 shares of the electric vehicle producer’s stock after selling 248 shares during the period. North Capital Inc.’s holdings in Tesla were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TSLA. Chelsea Counsel Co. grew its holdings in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Tesla during the second quarter worth about $29,000. Evergreen Private Wealth LLC grew its stake in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Graybill Wealth Management LTD. purchased a new position in Tesla during the 1st quarter valued at about $36,000. Finally, Pacific Center for Financial Services raised its position in Tesla by 44.7% during the 1st quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock valued at $39,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $445.91 on Friday. The business has a fifty day moving average price of $419.05 and a 200-day moving average price of $353.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market capitalization of $1.48 trillion, a PE ratio of 297.27, a PEG ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the firm posted $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated 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 in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSLA shares. Guggenheim reissued a “sell” rating and set a $175.00 target price on shares of Tesla in a research note on Wednesday, July 23rd. Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Dbs Bank upgraded shares of Tesla to a “hold” rating in a research report on Wednesday. Finally, Melius began coverage on shares of Tesla in a report on Monday, October 13th. They issued a “buy” rating and a $520.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and eleven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $391.08.

About Tesla

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.