Zevenbergen Capital Investments LLC Maintains Holding in Tesla INC (TSLA)

August 9, 2018 - By Matthew Richard

Tesla, Inc. (NASDAQ:TSLA) LogoInvestors sentiment decreased to 0.92 in 2018 Q1. Its down 0.13, from 1.05 in 2017Q4. It turned negative, as 110 investors sold TSLA shares while 162 reduced holdings. 71 funds opened positions while 178 raised stakes. 100.60 million shares or 4.72% more from 96.06 million shares in 2017Q4 were reported. Davenport And Ltd has 981 shares for 0% of their portfolio. Chevy Chase Trust Holdg accumulated 0% or 1,279 shares. Highland Mgmt Limited Company holds 0.04% or 1,802 shares in its portfolio. The Illinois-based Equitec Specialists Lc has invested 0.05% in Tesla, Inc. (NASDAQ:TSLA). 2,538 are owned by Dock Street Asset Mgmt. Earnest Prtnrs Ltd Liability Company reported 57 shares stake. Peddock Capital Advisors Limited Liability Corporation stated it has 0.01% in Tesla, Inc. (NASDAQ:TSLA). Tocqueville Asset Mngmt Limited Partnership reported 2,540 shares. New York-based First Manhattan has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Barrett Asset Mgmt Limited Company holds 50 shares. Lenox Wealth Mgmt stated it has 0.03% in Tesla, Inc. (NASDAQ:TSLA). Criterion Capital Mgmt Ltd Liability Com holds 97,857 shares. Assetmark Incorporated invested 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Ubs Asset Americas has 419,076 shares for 0% of their portfolio. Signaturefd Limited Com stated it has 0.02% of its portfolio in Tesla, Inc. (NASDAQ:TSLA).

Since February 15, 2018, it had 2 insider purchases, and 7 sales for $31.52 million activity. Shares for $330,056 were sold by FIELD JOHN DOUGLAS. $562,500 worth of Tesla, Inc. (NASDAQ:TSLA) was sold by Musk Kimbal on Thursday, April 5. $9.85 million worth of Tesla, Inc. (NASDAQ:TSLA) shares were bought by Musk Elon.

Zevenbergen Capital Investments Llc increased its stake in Tesla Inc. (TSLA) by 9.11% based on its latest 2018Q1 regulatory filing with the SEC. Zevenbergen Capital Investments Llc bought 32,909 shares as the company’s stock declined 21.98% with the market. The institutional investor held 394,143 shares of the capital goods company at the end of 2018Q1, valued at $104.89 million, up from 361,234 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in Tesla Inc. for a number of months, seems to be bullish on the $63.18B market cap company. The stock decreased 2.43% or $9.23 during the last trading session, reaching $370.34. About 24.20 million shares traded or 158.97% up from the average. Tesla, Inc. (NASDAQ:TSLA) has declined 11.99% since August 9, 2017 and is downtrending. It has underperformed by 24.56% the S&P500.

Zevenbergen Capital Investments Llc, which manages about $2.92B and $2.60 billion US Long portfolio, decreased its stake in Best Inc. by 2.20M shares to 193,025 shares, valued at $1.99 million in 2018Q1, according to the filing. It also reduced its holding in Lululemon Athletica Inc. (NASDAQ:LULU) by 34,350 shares in the quarter, leaving it with 559,580 shares, and cut its stake in Facebook Inc. (NASDAQ:FB).

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Seekingalpha.com which released: “Tesla: Updating The Debt Picture” on August 07, 2018, also Seekingalpha.com with their article: “Tesla Shorts Have Won Past Year” published on August 06, 2018, Seekingalpha.com published: “Tesla: Bond Markets Don’t Believe Musk” on August 08, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Benzinga.com and their article: “Apple Could Be Decisive Bringing Hyperloop To The State Of California” published on August 08, 2018 as well as Thestreet.com‘s news article titled: “2 Ways to Play Tesla Into Earnings” with publication date: July 30, 2018.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 21 analysts covering Tesla (NASDAQ:TSLA), 7 have Buy rating, 6 Sell and 8 Hold. Therefore 33% are positive. Tesla has $50000 highest and $84 lowest target. $306.19’s average target is -17.32% below currents $370.34 stock price. Tesla had 46 analyst reports since February 13, 2018 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Wednesday, May 30 with “Buy”. On Thursday, April 19 the stock rating was maintained by Goldman Sachs with “Sell”. The firm has “Buy” rating by Telsey Advisory given on Monday, May 21. J.P. Morgan maintained Tesla, Inc. (NASDAQ:TSLA) rating on Wednesday, April 4. J.P. Morgan has “Sell” rating and $18500 target. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, April 18. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. On Thursday, April 19 the stock rating was maintained by UBS with “Sell”. On Thursday, August 2 the stock rating was upgraded by Oppenheimer to “Outperform”. Vertical Group maintained the shares of TSLA in report on Monday, June 18 with “Sell” rating. Goldman Sachs maintained Tesla, Inc. (NASDAQ:TSLA) rating on Tuesday, April 10. Goldman Sachs has “Sell” rating and $19500 target.

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

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