LS Investment Advisors LLC reduced its stake in shares of Tesla Inc. (NASDAQ:TSLA) by 12.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 640 shares of the electric vehicle producer’s stock after selling 89 shares during the period. LS Investment Advisors LLC’s holdings in Tesla were worth $231,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new stake in Tesla during the first quarter valued at approximately $101,000. SRS Capital Advisors Inc. raised its stake in Tesla by 1,213.3% in the first quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock valued at $109,000 after buying an additional 364 shares during the period. Advisory Services Network LLC purchased a new stake in Tesla during the first quarter valued at approximately $122,000. Acropolis Investment Management LLC purchased a new stake in Tesla during the second quarter valued at approximately $122,000. Finally, Pathstone Family Office LLC purchased a new stake in Tesla during the first quarter valued at approximately $134,000. Hedge funds and other institutional investors own 63.78% of the company’s stock.

Shares of Tesla Inc. (NASDAQ TSLA) traded up 2.83% during trading on Friday, reaching $356.91. 9,268,909 shares of the company were exchanged. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The company’s market capitalization is $58.97 billion. The stock’s 50 day moving average is $346.20 and its 200 day moving average is $302.00. Tesla also was the target of some unusual options trading activity on Thursday. Stock traders bought 92,133 put options on the stock. This represents an increase of approximately 119% compared to the typical volume of 42,045 put options.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 17.71%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the business earned ($1.06) earnings per share. Tesla’s quarterly revenue was up 119.6% compared to the same quarter last year. Equities analysts anticipate that Tesla Inc. will post ($6.15) earnings per share for the current year.

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Several equities research analysts have commented on TSLA shares. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Tesla from $180.00 to $190.00 in a research note on Friday. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $345.00 price objective for the company in a research note on Tuesday, April 25th. Dougherty & Co reiterated a “buy” rating and issued a $375.00 price objective (down previously from $500.00) on shares of Tesla in a research note on Wednesday, April 26th. Guggenheim reiterated a “buy” rating and issued a $320.00 price objective on shares of Tesla in a research note on Wednesday, April 19th. Finally, Berenberg Bank upgraded shares of Tesla from a “hold” rating to a “buy” rating and increased their price objective for the company from $193.00 to $464.00 in a research note on Tuesday, June 13th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $304.84.

In other Tesla news, Director Robyn M. Denholm sold 20,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $311.76, for a total transaction of $6,235,200.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $6,235,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey B. Straubel sold 109,100 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $307.81, for a total transaction of $33,582,071.00. The disclosure for this sale can be found here. Insiders have sold 241,980 shares of company stock valued at $74,834,109 in the last quarter. 23.10% of the stock is owned by company insiders.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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