Marathon Trading Investment Management LLC Lowered Tesla INC (TSLA) Holding by $6.72 Million as Stock Value Declined

May 18, 2018 - By Rodney Autry

Tesla, Inc. (NASDAQ:TSLA) LogoInvestors sentiment decreased to 1.05 in Q4 2017. Its down 0.25, from 1.3 in 2017Q3. It dropped, as 105 investors sold TSLA shares while 156 reduced holdings. 69 funds opened positions while 206 raised stakes. 96.06 million shares or 3.01% more from 93.25 million shares in 2017Q3 were reported. Glenmede Trust Com Na holds 6,142 shares. Domini Impact Lc holds 4.36% in Tesla, Inc. (NASDAQ:TSLA) or 683 shares. Sigma Planning holds 4,766 shares or 0.11% of its portfolio. Capstone Financial Advsr Incorporated owns 871 shares. Citigroup Incorporated, New York-based fund reported 440,583 shares. Aperio Grp Incorporated Ltd has invested 0.05% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Moreover, Smith Moore & has 0.07% invested in Tesla, Inc. (NASDAQ:TSLA) for 797 shares. Next Financial Group Inc Inc holds 0.09% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 704 shares. Valley Advisers has 0.03% invested in Tesla, Inc. (NASDAQ:TSLA) for 267 shares. Ls Inv Advsrs Ltd Liability Corporation, Michigan-based fund reported 544 shares. Bancshares Of Mellon Corporation stated it has 886,714 shares or 0.07% of all its holdings. Seabridge Investment Advsrs Ltd has 1 shares. 10,891 were reported by Rathbone Brothers Pcl. Pittenger Anderson Inc has 340 shares for 0.01% of their portfolio. Firsthand Capital Mngmt has 2.43% invested in Tesla, Inc. (NASDAQ:TSLA) for 10,600 shares.

Since December 13, 2017, it had 1 insider buy, and 9 selling transactions for $5.98 million activity. 452 shares were sold by Branderiz Eric, worth $147,099. 4,065 Tesla, Inc. (NASDAQ:TSLA) shares with value of $1.27M were sold by Musk Kimbal. Another trade for 33,000 shares valued at $9.85 million was made by Musk Elon on Monday, May 7.

Bruce J. Richards decreased its stake in Tesla Inc (TSLA) by 46.78% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Trading Investment Management Llc sold 21,612 shares as the company’s stock declined 14.15% with the market. The hedge fund run by Bruce J. Richards held 24,585 shares of the capital goods company at the end of 2017Q4, valued at $7.66M, down from 46,197 at the end of the previous reported quarter. Marathon Trading Investment Management Llc who had been investing in Tesla Inc for a number of months, seems to be less bullish one the $47.92 billion market cap company. The stock decreased 0.82% or $2.32 during the last trading session, reaching $282.22. About 514,740 shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since May 18, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Marathon Trading Investment Management Llc, which manages about $886.83 million and $3.59B US Long portfolio, upped its stake in Micron Technology Inc (NASDAQ:MU) by 81,208 shares to 112,550 shares, valued at $4.63 million in 2017Q4, according to the filing. It also increased its holding in Powershares Qqq Trust (Call) by 69,400 shares in the quarter, for a total of 106,000 shares, and has risen its stake in Powershares Qqq Trust (QQQ).

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on August, 1. They expect $-3.61 earnings per share, down 76.96 % or $1.57 from last year’s $-2.04 per share. After $-4.19 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts -13.84 % EPS growth.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Seekingalpha.com which released: “Tesla Motors: Slowly, Then Quickly” on May 10, 2018, also Seekingalpha.com with their article: “Tesla’s ZEV Credit Lifeboat May Hit The Iceberg” published on May 17, 2018, Thestreet.com published: “The Fate of Tesla Investors Will Soon Be Learned: Chart” on May 08, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Seekingalpha.com and their article: “Energy Storage To Boom For Tesla In Medium Term” published on May 17, 2018 as well as Livetradingnews.com‘s news article titled: “Tesla, Inc. (NASDAQ:TSLA) Stock Worth Watching” with publication date: May 18, 2018.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 21 analysts covering Tesla Motors (NASDAQ:TSLA), 5 have Buy rating, 9 Sell and 7 Hold. Therefore 24% are positive. Tesla Motors had 40 analyst reports since November 29, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 7 by Piper Jaffray. The firm has “Sell” rating given on Thursday, May 3 by UBS. Tigress Financial maintained the shares of TSLA in report on Thursday, December 21 with “Hold” rating. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Sell” rating by Bank of America on Thursday, May 3. UBS maintained Tesla, Inc. (NASDAQ:TSLA) rating on Thursday, February 8. UBS has “Sell” rating and $195.0 target. J.P. Morgan maintained the stock with “Sell” rating in Wednesday, April 4 report. Dougherty maintained Tesla, Inc. (NASDAQ:TSLA) rating on Thursday, February 8. Dougherty has “Buy” rating and $400.0 target. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Sell” rating given on Friday, January 19 by Cowen & Co. The stock has “Buy” rating by Robert W. Baird on Monday, April 2. Guggenheim maintained Tesla, Inc. (NASDAQ:TSLA) rating on Thursday, February 8. Guggenheim has “Buy” rating and $430.0 target.

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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