Tesla Inc. (NASDAQ:TSLA) Shares Sold by Marcus Capital LLC

Marcus Capital LLC lowered its position in shares of Tesla Inc. (NASDAQ:TSLA) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,350 shares of the electric vehicle producer’s stock after selling 1,725 shares during the period. Tesla comprises about 6.3% of Marcus Capital LLC’s holdings, making the stock its largest position. Marcus Capital LLC’s holdings in Tesla were worth $7,359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Lincoln National Corp purchased a new position in shares of Tesla during the first quarter worth about $226,000. Great West Life Assurance Co. Can grew its holdings in shares of Tesla by 2.7% during the second quarter. Great West Life Assurance Co. Can now owns 69,562 shares of the electric vehicle producer’s stock worth $25,129,000 after buying an additional 1,802 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Tesla by 0.9% during the first quarter. Perigon Wealth Management LLC now owns 8,025 shares of the electric vehicle producer’s stock worth $2,233,000 after buying an additional 74 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tesla by 5.0% during the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock worth $1,651,654,000 after buying an additional 280,941 shares during the last quarter. Finally, Main Street Research LLC purchased a new position in shares of Tesla during the second quarter worth about $602,000. Institutional investors and hedge funds own 56.67% of the company’s stock.

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In other Tesla news, Director Kimbal Musk sold 4,690 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $367.68, for a total transaction of $1,724,419.20. Following the sale, 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 Securities & Exchange Commission, which is available at this link. Also, VP Eric Branderiz sold 99 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. Insiders sold 53,946 shares of company stock worth $18,481,047 over the last 90 days. 23.10% of the stock is currently owned by corporate insiders.

TSLA has been the topic of a number of research reports. Vetr downgraded shares of Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 price target for the company. in a research report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $180.00 price target (down from $190.00) on shares of Tesla in a research report on Wednesday, July 5th. Royal Bank Of Canada lifted their price target on shares of Tesla from $314.00 to $345.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Guggenheim reiterated a “buy” rating and set a $430.00 price target on shares of Tesla in a research report on Thursday, August 10th. Finally, Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research report on Thursday, July 27th. Eight equities 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $315.31.

Shares of Tesla Inc. (NASDAQ:TSLA) traded up 0.57% during midday trading on Friday, hitting $379.81. 5,420,496 shares of the stock were exchanged. Tesla Inc. has a 12-month low of $178.19 and a 12-month high of $386.99. The stock’s 50 day moving average is $352.07 and its 200 day moving average is $323.07. The firm’s market cap is $63.39 billion.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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 16.36%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted ($1.06) earnings per share. Tesla’s revenue was up 119.6% compared to the same quarter last year. On average, equities research analysts forecast that Tesla Inc. will post ($6.26) earnings per share for the current fiscal year.

About Tesla

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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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