Mosaic Family Wealth Partners LLC Decreases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Mosaic Family Wealth Partners LLC cut its position in Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,334 shares of the electric vehicle producer’s stock after selling 165 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Tesla were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. OMC Financial Services LTD bought a new position in Tesla during the 1st quarter valued at $1,068,000. EverSource Wealth Advisors LLC raised its holdings in shares of Tesla by 201.3% during the first quarter. EverSource Wealth Advisors LLC now owns 53,998 shares of the electric vehicle producer’s stock worth $9,896,000 after purchasing an additional 36,075 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Tesla by 466.9% during the first quarter. Westwood Holdings Group Inc. now owns 15,799 shares of the electric vehicle producer’s stock worth $2,777,000 after purchasing an additional 13,012 shares during the period. Objective Capital Management LLC raised its holdings in shares of Tesla by 8.7% during the first quarter. Objective Capital Management LLC now owns 1,935 shares of the electric vehicle producer’s stock worth $340,000 after purchasing an additional 155 shares during the period. Finally, Tactive Advisors LLC raised its holdings in shares of Tesla by 135.7% during the first quarter. Tactive Advisors LLC now owns 3,239 shares of the electric vehicle producer’s stock worth $569,000 after purchasing an additional 1,865 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TSLA. Citigroup dropped their target price on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. China Renaissance raised shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, July 5th. Glj Research increased their target price on shares of Tesla from $22.86 to $24.86 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Canaccord Genuity Group increased their price objective on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $204.30.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders sold 160,719 shares of company stock valued at $32,032,968 in the last three months. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Down 4.2 %

Shares of TSLA traded down $9.19 during mid-day trading on Friday, reaching $207.67. The company’s stock had a trading volume of 82,880,120 shares, compared to its average volume of 126,158,848. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The company has a market cap of $663.43 billion, a price-to-earnings ratio of 52.98, a price-to-earnings-growth ratio of 5.60 and a beta of 2.31. The business has a fifty day moving average of $210.01 and a 200 day moving average of $190.87.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 1.79 earnings per share 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.