Tesla INC (TSLA) Shareholder Sumitomo Mitsui Asset Management Company LTD Lowered Holding by $53.06 Million

Tesla, Inc. (NASDAQ:TSLA) LogoInvestors sentiment decreased to 0.85 in 2018 Q2. Its down 0.07, from 0.92 in 2018Q1. It turned negative, as 109 investors sold TSLA shares while 180 reduced holdings. 100 funds opened positions while 146 raised stakes. 94.54 million shares or 6.02% less from 100.60 million shares in 2018Q1 were reported. The California-based Apriem Advsr has invested 0.27% in Tesla, Inc. (NASDAQ:TSLA). Glenmede Tru Na stated it has 4,865 shares. Primecap Ca reported 0.28% stake. Edge Wealth Mgmt Limited Com invested in 498 shares. Van Eck Corporation reported 28,627 shares stake. Fin Counselors stated it has 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Wade G W reported 0.05% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Thrivent For Lutherans accumulated 626 shares. Prio Wealth LP has 0.02% invested in Tesla, Inc. (NASDAQ:TSLA). Sumitomo Mitsui Incorporated holds 500,508 shares or 0.2% of its portfolio. Ing Groep Nv holds 14,962 shares. Gamble Jones Inv Counsel reported 780 shares. Finemark Retail Bank & invested 0.05% in Tesla, Inc. (NASDAQ:TSLA). Cwm Limited holds 0.04% or 3,794 shares in its portfolio. Crosslink Capital reported 12,443 shares.

Since June 12, 2018, it had 2 insider purchases, and 8 sales for $24.50 million activity. RICE LINDA JOHNSON also sold $1.02M worth of Tesla, Inc. (NASDAQ:TSLA) on Wednesday, November 14. Ahuja Deepak also sold $1.20M worth of Tesla, Inc. (NASDAQ:TSLA) shares. On Friday, June 15 FIELD JOHN DOUGLAS sold $1.08 million worth of Tesla, Inc. (NASDAQ:TSLA) or 3,000 shares. Musk Elon bought $24.92 million worth of stock. 1,000 shares were sold by Guillen Jerome M, worth $306,000 on Monday, October 1. Straubel Jeffrey B sold 15,000 shares worth $5.23 million.

Sumitomo Mitsui Asset Management Company Ltd decreased its stake in Tesla Inc (TSLA) by 22.29% based on its latest 2018Q2 regulatory filing with the SEC. Sumitomo Mitsui Asset Management Company Ltd sold 155,154 shares as the company’s stock declined 15.73% while stock markets rallied. The institutional investor held 540,971 shares of the capital goods company at the end of 2018Q2, valued at $185.53M, down from 696,125 at the end of the previous reported quarter. Sumitomo Mitsui Asset Management Company Ltd who had been investing in Tesla Inc for a number of months, seems to be less bullish one the $60.65B market cap company. The stock decreased 1.82% or $6.55 during the last trading session, reaching $353.15. About 2.37M shares traded. Tesla, Inc. (NASDAQ:TSLA) has declined 19.91% since December 6, 2017 and is downtrending. It has underperformed by 35.53% the S&P500.

Sumitomo Mitsui Asset Management Company Ltd, which manages about $6.51B US Long portfolio, upped its stake in Cadence Design System Inc (NASDAQ:CDNS) by 349,201 shares to 1.64M shares, valued at $71.11M in 2018Q2, according to the filing. It also increased its holding in Maxim Integrated Prods Inc (NASDAQ:MXIM) by 155,827 shares in the quarter, for a total of 174,040 shares, and has risen its stake in Dolby Laboratories Inc (NYSE:DLB).

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on February, 6. They expect $1.38 EPS, up 135.94 % or $5.22 from last year’s $-3.84 per share. TSLA’s profit will be $236.99M for 63.98 P/E if the $1.38 EPS becomes a reality. After $1.75 actual EPS reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts -21.14 % negative EPS growth.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Nasdaq.com which released: “Nasdaq 100 Movers: NVDA, TSLA – Nasdaq” on November 19, 2018, also Nasdaq.com with their article: “Interesting TSLA Put And Call Options For December 7th – Nasdaq” published on October 25, 2018, Seekingalpha.com published: “Saxo Bank speculates on Apple-Tesla linkup – Seeking Alpha” on December 04, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Nasdaq.com and their article: “Market Close Report: NASDAQ Composite index closes at 7,158.43 down -283.08 points – Nasdaq” published on December 04, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla Supercharging Advantage Shrinking – Seeking Alpha” with publication date: November 12, 2018.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 14 analysts covering Tesla (NASDAQ:TSLA), 5 have Buy rating, 5 Sell and 4 Hold. Therefore 36% are positive. Tesla had 21 analyst reports since June 7, 2018 according to SRatingsIntel. Vertical Group maintained the stock with “Sell” rating in Thursday, June 14 report. Needham downgraded Tesla, Inc. (NASDAQ:TSLA) on Thursday, July 19 to “Underperform” rating. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Outperform” rating given on Thursday, August 2 by Oppenheimer. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Hold” rating by Jefferies on Wednesday, August 8. The firm has “Sell” rating by Vertical Group given on Monday, June 18. The stock has “Underperformer” rating by Bank of America on Thursday, August 2. On Wednesday, June 13 the stock rating was maintained by Robert W. Baird with “Buy”. Citigroup downgraded the shares of TSLA in report on Friday, September 28 to “Sell” rating. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, October 25 report. The rating was maintained by Canaccord Genuity on Tuesday, August 28 with “Hold”.

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

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