MRP Capital Investments LLC Sells 60 Shares of Tesla, Inc. (NASDAQ:TSLA)

MRP Capital Investments LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,503 shares of the electric vehicle producer’s stock after selling 60 shares during the quarter. MRP Capital Investments LLC’s holdings in Tesla were worth $495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. Bank & Trust Co acquired a new position in Tesla during the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Tesla during the 2nd quarter worth $26,000. OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter valued at about $37,000. Kessler Investment Group LLC grew its position in shares of Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 51 shares during the last quarter. Finally, Aspect Partners LLC increased its stake in shares of Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $227.20 on Thursday. The company has a market cap of $725.82 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 6.00 and a beta of 2.29. The firm has a 50-day moving average of $221.44 and a 200-day moving average of $195.15. Tesla, Inc. has a one year low of $138.80 and a one year high of $273.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Guggenheim lifted their price target on Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a research report on Friday, September 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $254.00 target price on shares of Tesla in a research note on Friday, September 13th. William Blair initiated coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. The Goldman Sachs Group reduced their target price on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $209.60.

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.