Howland Capital Management LLC Sells 136 Shares of Tesla, Inc. (NASDAQ:TSLA)

Howland Capital Management LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,535 shares of the electric vehicle producer’s stock after selling 136 shares during the period. Howland Capital Management LLC’s holdings in Tesla were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. OLD National Bancorp IN boosted its stake in Tesla by 7.5% during the third quarter. OLD National Bancorp IN now owns 11,829 shares of the electric vehicle producer’s stock worth $2,960,000 after buying an additional 829 shares in the last quarter. Tompkins Financial Corp increased its stake in Tesla by 10.1% in the third quarter. Tompkins Financial Corp now owns 1,627 shares of the electric vehicle producer’s stock valued at $407,000 after acquiring an additional 149 shares during the period. Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Tesla in the third quarter worth about $295,000. Oak Grove Capital LLC lifted its stake in Tesla by 5.2% during the third quarter. Oak Grove Capital LLC now owns 4,062 shares of the electric vehicle producer’s stock worth $1,016,000 after purchasing an additional 200 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Tesla by 0.6% during the third quarter. Modera Wealth Management LLC now owns 12,651 shares of the electric vehicle producer’s stock valued at $3,165,000 after purchasing an additional 74 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday. Jefferies Financial Group dropped their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada lowered their target price on Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. Canaccord Genuity Group lifted their price objective on Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $198.61.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

Tesla Trading Down 2.8 %

TSLA stock opened at $234.39 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a market capitalization of $747.52 billion, a PE ratio of 61.49, a price-to-earnings-growth ratio of 6.58 and a beta of 2.31. The company’s 50-day simple moving average is $191.41 and its 200 day simple moving average is $191.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.85 earnings per share for the current year.

Tesla Company 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.