Published: Thu, February 15, 2018
Finance | By Loren Pratt

Tesla (NASDAQ:TSLA) Lowered to "Sell" at Zacks Investment Research

Tesla (NASDAQ:TSLA) Lowered to

The Manikay Partners Llc holds 225,000 shares with $76.75M value, up from 125,000 last quarter. Nippon Life Insurance Co. now owns 4,620 shares of the electric vehicle producer's stock worth $1,576,000 after buying an additional 151 shares in the last quarter. The stock was sold at an average price of $354.58, for a total value of $284,018.58. Barnes Group Inc. (NYSE:B) has risen 67.01% since February 15, 2017 and is uptrending. It has outperformed by 36.90% the S&P500.

Patrick Degorce increased its stake in Tesla Inc (Put) (TSLA) by 28.07% based on its latest 2017Q3 regulatory filing with the SEC. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. The institutional investor held 124,685 shares of the specialty chemicals company at the end of 2017Q3, valued at $16.45 million, up from 122,081 at the end of the previous reported quarter. Theleme Partners Llp who had been investing in Tesla Inc (Put) for a number of months, seems to be bullish on the $54.43B market cap company. The stock decreased 3.35% or $2.22 during the last trading session, reaching $64.09. About 311,206 shares traded. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since February 14, 2017 and is uptrending. It has underperformed by 15.02% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q3. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. It increased, as 93 investors sold TSLA shares while 134 reduced holdings. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Tesla by 2.1% during the 3rd quarter. Reliance Tru Company Of Delaware, Delaware-based fund reported 2,243 shares. (NASDAQ:TSLA). Nomura Inc owns 85,596 shares or 0.06% of their USA portfolio. Moors And Cabot accumulated 3,093 shares or 0.15% of the stock. Moreover, Inspirion Wealth Advsr Ltd Co has 0.13% invested in Tesla, Inc. (NASDAQ:TSLA). Piedmont Inv Advisors Limited Liability Company reported 0.2% stake. Axa owns 2,536 shares for 0% of their portfolio. (NASDAQ:TSLA). Mufg Americas Holding invested 0% of its portfolio in Tesla, Inc. Tesla Inc has a 12 month low of $242.01 and a 12 month high of $389.61. Moreover, Duncker Streett & Incorporated has 0% invested in Tesla, Inc. Regis Company Llc invested in 25,000 shares or 1.32% of the stock. Winch Advisory Serv Limited Liability stated it has 0% in The Clorox Company (NYSE:CLX). Its up 0.02% from 1.91 million shares previously. Profund Limited Company, a Maryland-based fund reported 10,159 shares. Therefore 37% are positive.

Analysts on average have given a price target of $322.35 to Tesla Motors, Inc. Dougherty & Company reinitiated the stock with "Buy" rating in Monday, May 9 report. The stock of Puma Biotechnology, Inc. Robert W. Baird downgraded the shares of TSLA in report on Wednesday, October 7 to "Neutral" rating. Bank of America maintained the stock with "Underperform" rating in Friday, August 7 report. As per Tuesday, April 19, the company rating was maintained by JP Morgan. Oppenheimer maintained Tesla, Inc. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the stock a neutral rating in a report on Thursday, February 8th.

A number of research analysts have issued reports on TSLA shares. The firm earned "Equal-Weight" rating on Wednesday, July 13 by Morgan Stanley. As per Tuesday, July 21, the company rating was downgraded by UBS. The firm has "Market Perform" rating by JMP Securities given on Monday, December 14.

Since August 22, 2017, it had 0 insider buys, and 9 sales for $19.76 million activity. Musk Kimbal sold $1.27 million worth of Tesla, Inc.

In other news, VP John Douglas Field sold 1,400 shares of the business's stock in a transaction that occurred on Wednesday, December 13th.

More than seven months after Tesla said it was working with Shanghai's government to explore assembling cars, an agreement hasn't been finalized because the two sides disagree on the ownership structure for a proposed factory, according to people with direct knowledge of the situation. (NASDAQ:TSLA) for 121 shares.

Since August 22, 2017, it had 0 insider purchases, and 1 sale for $46,221 activity. (NASDAQ:MLHR) on Wednesday, September 27. Charney M Jeffrey sold 6,000 shares worth $293,400. On Wednesday, September 27 the insider Lopez Hezron T. sold $186,552. BASCH JEFFREY W had sold 9,000 shares worth $434,070. $139,000 worth of Herman Miller, Inc. The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) has "Buy" rating given on Monday, November 20 by Mizuho. Therefore 62% are positive. Praxair had 51 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Thursday, October 6 by Goldman Sachs. (NASDAQ:TSLA) earned "Buy" rating by Vetr on Monday, August 24. About 3.86M shares traded. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.12) by $0.08.

Investors sentiment decreased to 1.04 in 2017 Q3. Its up 0.18, from 0.9 in 2017Q2. It increased, as 43 investors sold CLX shares while 223 reduced holdings. Gofen & Glossberg LLC IL raised its position in shares of Tesla by 13.6% in the second quarter. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,019 shares. Winch Advisory Ltd Liability Com holds 0.08% or 365 shares in its portfolio. Koshinski Asset Mgmt Incorporated accumulated 1,129 shares or 0.13% of the stock. Stifel Fincl holds 1,744 shares or 0% of its portfolio. (NASDAQ:TSLA). 687 are owned by Zwj Counsel. Alpha Windward Ltd holds 14,100 shares or 0.31% of its portfolio. Proshare Advisors Limited Liability Company reported 53,681 shares. State Bank Of Nova Scotia Tru accumulated 70 shares or 0% of the stock. Euclidean Techs Management holds 2.02% of its portfolio in Herman Miller, Inc. More interesting news about Tesla, Inc. Staley Capital Advisers owns 730 shares. Chicago Equity Prtn Lc reported 20,990 shares. Ameriprise Financial Inc has 277,697 shares for 0% of their portfolio. After $2.57 actual earnings per share reported by Inc. for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.

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