BKS Advisors LLC decreased its position in shares of Tesla Inc. (NASDAQ:TSLA) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,829 shares of the electric vehicle producer’s stock after selling 423 shares during the period. BKS Advisors LLC’s holdings in Tesla were worth $1,746,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSLA. Great West Life Assurance Co. Can increased its position in Tesla by 1.5% in the first quarter. Great West Life Assurance Co. Can now owns 67,760 shares of the electric vehicle producer’s stock worth $18,833,000 after buying an additional 990 shares in the last quarter. Geneva Advisors LLC increased its position in Tesla by 0.8% in the first quarter. Geneva Advisors LLC now owns 9,352 shares of the electric vehicle producer’s stock worth $2,603,000 after buying an additional 70 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Tesla by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,837 shares of the electric vehicle producer’s stock worth $5,521,000 after buying an additional 137 shares in the last quarter. Sonata Capital Group Inc. increased its position in Tesla by 36.5% in the first quarter. Sonata Capital Group Inc. now owns 1,458 shares of the electric vehicle producer’s stock worth $406,000 after buying an additional 390 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Tesla during the first quarter worth about $122,000. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Tesla Inc. (TSLA) opened at 347.36 on Wednesday. Tesla Inc. has a 12-month low of $178.19 and a 12-month high of $386.99. The firm’s 50-day moving average is $340.43 and its 200 day moving average is $314.17. The firm’s market cap is $57.97 billion.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company earned ($1.06) earnings per share. The company’s quarterly revenue was up 119.6% compared to the same quarter last year. Equities research analysts predict that Tesla Inc. will post ($6.18) EPS for the current year.

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A number of research firms have recently issued reports on TSLA. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price objective on the stock in a research note on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and issued a $368.00 target price on shares of Tesla in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Tesla from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a $345.00 target price (up from $314.00) on shares of Tesla in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $240.00 target price on shares of Tesla in a research note on Wednesday, August 9th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $310.84.

In other news, Director Kimbal Musk sold 4,690 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total transaction of $1,724,419.20. Following the completion of the transaction, the director now directly owns 166,164 shares in the company, valued at $61,095,179.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the transaction, the director now owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,657 shares of company stock valued at $17,668,497. Corporate insiders own 23.10% of the company’s stock.

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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