Tesla, Inc. $TSLA Shares Sold by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd lowered its position in Tesla, Inc. (NASDAQ:TSLA) by 21.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,988 shares of the electric vehicle producer’s stock after selling 8,755 shares during the quarter. Tesla comprises approximately 3.7% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Goldstream Capital Management Ltd’s holdings in Tesla were worth $8,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PGIM Custom Harvest LLC increased its position in Tesla by 66.7% in the 1st quarter. PGIM Custom Harvest LLC now owns 8,212 shares of the electric vehicle producer’s stock valued at $2,128,000 after acquiring an additional 3,287 shares during the period. Candriam S.C.A. lifted its position in Tesla by 9.6% in the first quarter. Candriam S.C.A. now owns 515,989 shares of the electric vehicle producer’s stock worth $133,724,000 after purchasing an additional 44,998 shares during the period. Osterweis Capital Management Inc. boosted its stake in Tesla by 57.0% during the 1st quarter. Osterweis Capital Management Inc. now owns 785 shares of the electric vehicle producer’s stock valued at $203,000 after purchasing an additional 285 shares in the last quarter. Luts & Greenleigh Group Inc. increased its position in shares of Tesla by 9.1% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 2,261 shares of the electric vehicle producer’s stock valued at $586,000 after purchasing an additional 188 shares during the period. Finally, Knollwood Investment Advisory LLC raised its stake in shares of Tesla by 0.4% in the 1st quarter. Knollwood Investment Advisory LLC now owns 24,885 shares of the electric vehicle producer’s stock worth $6,449,000 after buying an additional 105 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director directly owned 855,394 shares of the company’s stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 599,724 shares of company stock worth $213,126,501. Insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSLA. Baird R W cut Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Argus restated a “hold” rating on shares of Tesla in a research report on Monday, June 9th. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $410.00 target price on shares of Tesla in a research note on Friday, June 6th. Finally, William Blair cut Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fifteen have assigned a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $303.31.

Tesla Price Performance

Shares of TSLA opened at $323.90 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The firm has a market cap of $1.04 trillion, a PE ratio of 187.23, a PEG ratio of 11.45 and a beta of 2.33. The firm’s 50 day moving average price is $320.96 and its 200 day moving average price is $304.40. Tesla, Inc. has a twelve month low of $202.59 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s revenue was down 11.8% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.