Winch Advisory Services LLC lessened its holdings in Tesla Inc (NASDAQ:TSLA) by 68.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294 shares of the electric vehicle producer’s stock after selling 645 shares during the quarter. Winch Advisory Services LLC’s holdings in Tesla were worth $66,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mackey Komara & Dankovich LLC increased its position in Tesla by 493.3% during the 1st quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 74 shares during the period. Clarus Wealth Advisors increased its position 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 during the period. Trustcore Financial Services LLC increased its position 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 during the period. Mizuho Securities Co. Ltd. acquired a new stake in Tesla during the 1st quarter valued at approximately $28,000. Finally, Bedel Financial Consulting Inc. increased its position in Tesla by 197.7% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock valued at $29,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 54.40% of the company’s stock.

A number of analysts have weighed in on TSLA shares. ValuEngine raised shares of Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Barclays reaffirmed an “underweight” rating and set a $150.00 price objective on shares of Tesla in a research report on Thursday, July 25th. Roth Capital reaffirmed a “neutral” rating and set a $238.00 price objective on shares of Tesla in a research report on Monday, July 22nd. Nord/LB reaffirmed a “sell” rating and set a $200.00 price objective on shares of Tesla in a research report on Thursday, July 25th. Finally, Oppenheimer reduced their price objective on shares of Tesla from $437.00 to $356.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Eighteen equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $269.53.

In other news, Director Antonio J. Gracias sold 33,766 shares of Tesla stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $180.35, for a total transaction of $6,089,698.10. Following the sale, the director now directly owns 14,232 shares in the company, valued at approximately $2,566,741.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Kirkhorn sold 150 shares of Tesla stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $255.68, for a total value of $38,352.00. Following the sale, the chief financial officer now owns 9,962 shares in the company, valued at $2,547,084.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,066 shares of company stock worth $15,819,400. Company insiders own 24.40% of the company’s stock.

NASDAQ:TSLA traded down $10.75 during trading hours on Friday, hitting $211.40. 8,306,743 shares of the company traded hands, compared to its average volume of 6,695,344. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71. The firm’s 50-day simple moving average is $236.14 and its 200-day simple moving average is $249.68. Tesla Inc has a one year low of $176.99 and a one year high of $379.49. The company has a market cap of $39.79 billion, a PE ratio of -36.96 and a beta of 0.60.

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

Tesla 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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