Mirador Capital Partners LP Has $2.22 Million Stock Position in Tesla, Inc. $TSLA

Mirador Capital Partners LP decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 7.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,992 shares of the electric vehicle producer’s stock after selling 582 shares during the period. Mirador Capital Partners LP’s holdings in Tesla were worth $2,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC boosted its position in Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 44 shares during the period. First PREMIER Bank boosted its holdings in shares of Tesla by 79.2% during the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC boosted its holdings in shares of Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 75 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Tesla during the first quarter worth approximately $27,000. Finally, Chelsea Counsel Co. boosted its holdings in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the transaction, the chief financial officer directly owned 5,924 shares in the company, valued at approximately $1,735,080.36. This represents a 40.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,606 shares of company stock valued at $51,999,662 in the last quarter. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Baird R W lowered shares of Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Canaccord Genuity Group lifted their price objective on Tesla from $303.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. UBS Group set a $290.00 price target on Tesla in a report on Monday, June 30th. Piper Sandler reiterated an “overweight” rating and set a $400.00 price target on shares of Tesla in a report on Tuesday, June 10th. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $303.00.

Tesla Price Performance

NASDAQ:TSLA opened at $421.62 on Wednesday. The company has a fifty day moving average price of $333.69 and a 200 day moving average price of $305.35. The stock has a market cap of $1.36 trillion, a P/E ratio of 243.71, a PEG ratio of 14.30 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. Analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.