Slow Capital Inc. decreased its stake in Tesla Inc (NASDAQ:TSLA) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,420 shares of the electric vehicle producer’s stock after selling 355 shares during the period. Slow Capital Inc.’s holdings in Tesla were worth $1,658,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Mackey Komara & Dankovich LLC lifted its position in shares of Tesla by 493.3% in the 1st quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 74 shares during the period. Clarus Wealth Advisors increased its stake in Tesla by 83.3% during the 2nd quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Trustcore Financial Services LLC increased its stake in Tesla by 121.8% during the 2nd quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 67 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Tesla during the 1st quarter valued at about $28,000. Finally, Coastal Capital Group Inc. bought a new stake in Tesla during the 2nd quarter valued at about $32,000. 54.88% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Brad W. Buss sold 38,540 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $228.37, for a total value of $8,801,379.80. Following the transaction, the director now owns 34,874 shares of the company’s stock, valued at $7,964,175.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $255.68, for a total transaction of $38,352.00. Following the completion of the transaction, the chief financial officer now directly owns 9,962 shares in the company, valued at approximately $2,547,084.16. The disclosure for this sale can be found here. Insiders sold 117,456 shares of company stock worth $24,587,180 in the last three months. Insiders own 24.40% of the company’s stock.

NASDAQ:TSLA traded up $6.52 during trading hours on Tuesday, hitting $235.53. 4,334,107 shares of the stock traded hands, compared to its average volume of 8,180,603. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. Tesla Inc has a 1 year low of $176.99 and a 1 year high of $379.49. The stock has a market capitalization of $42.10 billion, a P/E ratio of -41.18 and a beta of 0.60. The firm has a 50 day moving average of $236.87.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing the consensus estimate of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the firm posted ($3.06) EPS. Tesla’s quarterly revenue was up 58.7% compared to the same quarter last year. As a group, research analysts forecast that Tesla Inc will post -7.51 earnings per share for the current year.

A number of research firms have weighed in on TSLA. Evercore ISI reduced their price objective on shares of Tesla from $240.00 to $200.00 and set an “underperform” rating for the company in a research note on Wednesday, May 15th. They noted that the move was a valuation call. Wedbush restated a “hold” rating and set a $230.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the company a “neutral” rating in a research note on Thursday, April 25th. Robert W. Baird reduced their price objective on shares of Tesla from $400.00 to $340.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Finally, Canaccord Genuity reduced their price objective on shares of Tesla from $394.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eighteen investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Tesla has an average rating of “Hold” and a consensus target price of $269.53.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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