Tesla, Inc. $TSLA Shares Sold by Regatta Capital Group LLC

Regatta Capital Group LLC cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 9.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,319 shares of the electric vehicle producer’s stock after selling 1,310 shares during the period. Tesla makes up 0.7% of Regatta Capital Group LLC’s investment portfolio, making the stock its 28th largest position. Regatta Capital Group LLC’s holdings in Tesla were worth $4,231,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Means Investment CO. Inc. increased its holdings in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after buying an additional 6,323 shares during the last quarter. Focus Financial Network Inc. increased its holdings in shares of Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after buying an additional 670 shares during the last quarter. Siren L.L.C. acquired a new stake in shares of Tesla during the 1st quarter worth $2,332,000. Zuckerman Investment Group LLC increased its holdings in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after buying an additional 826 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new stake in shares of Tesla during the 1st quarter worth $594,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA opened at $442.79 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a 50-day moving average of $347.75 and a two-hundred day moving average of $311.58. The stock has a market cap of $1.47 trillion, a P/E ratio of 255.95, a PEG ratio of 14.86 and a beta of 2.06. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. On average, 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 news, CFO Vaibhav Taneja sold 4,000 shares of the 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 transaction, the chief financial officer owned 5,924 shares of the company’s stock, valued at approximately $1,735,080.36. This trade represents a 40.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. The trade was a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,606 shares of company stock valued at $77,360,462 in the last ninety days. Insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TSLA shares. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Tesla in a report on Monday, September 15th. William Blair restated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Daiwa Capital Markets reaffirmed a “neutral” rating on shares of Tesla in a research report on Sunday, July 27th. UBS Group reaffirmed a “sell” rating on shares of Tesla in a research report on Monday. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $326.74.

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.