Samalin Investment Counsel LLC Has $1.87 Million Stock Holdings in Tesla, Inc. $TSLA

Samalin Investment Counsel LLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,890 shares of the electric vehicle producer’s stock after selling 798 shares during the period. Samalin Investment Counsel LLC’s holdings in Tesla were worth $1,871,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. FDx Advisors Inc. raised its holdings in shares of Tesla by 13.7% during the first quarter. FDx Advisors Inc. now owns 1,902 shares of the electric vehicle producer’s stock valued at $493,000 after purchasing an additional 229 shares during the period. Finally, Financial Security Advisor Inc. boosted its position in shares of Tesla by 18.7% during the 1st quarter. Financial Security Advisor Inc. now owns 3,405 shares of the electric vehicle producer’s stock worth $882,000 after purchasing an additional 536 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSLA. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, October 23rd. The Goldman Sachs Group reduced their price objective on Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. President Capital boosted their price objective on Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Tesla in a report on Wednesday, October 15th. Finally, Bank of America lifted their price target on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $391.08.

Tesla Trading Down 3.7%

NASDAQ TSLA opened at $429.52 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $420.97 and a 200 day simple moving average of $356.28. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 286.35, a PEG ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Tesla Profile

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.