Criterion Capital Management Has Boosted Tesla (TSLA) Stake By $6.58 Million; Southeastern Asset Management Has Cut Its United Technologies Corporatio (UTX) Holding

December 7, 2017 - By Hazel Jackson

Criterion Capital Management Llc increased Tesla Inc (TSLA) stake by 59.38% reported in 2017Q2 SEC filing. Criterion Capital Management Llc acquired 18,230 shares as Tesla Inc (TSLA)’s stock rose 14.18%. The Criterion Capital Management Llc holds 48,930 shares with $17.69 million value, up from 30,700 last quarter. Tesla Inc now has $52.65B valuation. The stock increased 3.15% or $9.56 during the last trading session, reaching $313.26. About 7.20 million shares traded or 16.78% up from the average. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since December 7, 2016 and is uptrending. It has outperformed by 27.73% the S&P500.

Southeastern Asset Management Inc decreased United Technologies Corporatio (UTX) stake by 8.46% reported in 2017Q2 SEC filing. Southeastern Asset Management Inc sold 480,309 shares as United Technologies Corporatio (UTX)’s stock rose 8.03%. The Southeastern Asset Management Inc holds 5.19M shares with $634.33M value, down from 5.68 million last quarter. United Technologies Corporatio now has $96.79 billion valuation. The stock increased 0.76% or $0.91 during the last trading session, reaching $121.2. About 2.61 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 7, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Investors sentiment increased to 1.27 in 2017 Q2. Its up 0.19, from 1.08 in 2017Q1. It increased, as 83 investors sold TSLA shares while 159 reduced holdings. 111 funds opened positions while 197 raised stakes. 92.06 million shares or 10.31% less from 102.64 million shares in 2017Q1 were reported. Fdx holds 0.01% or 1,055 shares in its portfolio. Chevy Chase Inc has invested 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Sequoia Fincl Advsr accumulated 1,008 shares. Gam Holding Ag holds 0.02% or 3,209 shares. Peregrine Asset Advisers has invested 0.7% in Tesla, Inc. (NASDAQ:TSLA). Davidson Advsrs stated it has 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Voya Inv Llc has invested 0.01% in Tesla, Inc. (NASDAQ:TSLA). Brown Advisory invested 0% in Tesla, Inc. (NASDAQ:TSLA). Bartlett And Com Llc invested in 0% or 85 shares. 3,179 are owned by Ibm Retirement Fund. Tarbox Family Office stated it has 0% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Carroll Financial Assocs invested in 0.02% or 349 shares. Schwab Charles Invest Management Incorporated accumulated 216,190 shares or 0.07% of the stock. Paradigm Asset Ltd Limited Liability Company stated it has 550 shares or 0% of all its holdings. 1,210 are owned by Proffitt And Goodson.

Criterion Capital Management Llc decreased Palo Alto Networks Inc (NYSE:PANW) stake by 99,978 shares to 828,317 valued at $110.84 million in 2017Q2. It also reduced Netflix Inc (NASDAQ:NFLX) stake by 119,316 shares and now owns 499,053 shares. Servicenow Inc (NYSE:NOW) was reduced too.

Among 33 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 10 Sell and 12 Hold. Therefore 33% are positive. Tesla Motors Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, September 5 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, August 4 by Deutsche Bank. The firm has “Hold” rating given on Friday, May 26 by RBC Capital Markets. The firm has “Outperform” rating by Credit Suisse given on Wednesday, November 25. The company was downgraded on Wednesday, October 4 by Standpoint Research. The rating was maintained by Guggenheim with “Buy” on Wednesday, July 5. Morgan Stanley maintained the stock with “Hold” rating in Tuesday, December 5 report. The stock has “Hold” rating by RBC Capital Markets on Monday, July 10. RBC Capital Markets maintained it with “Hold” rating and $340.0 target in Thursday, November 2 report. As per Monday, October 30, the company rating was maintained by UBS.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 24. They expect $1.56 earnings per share, 0.00% or $0.00 from last year’s $1.56 per share. UTX’s profit will be $1.25 billion for 19.42 P/E if the $1.56 EPS becomes a reality. After $1.73 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -9.83% negative EPS growth.

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By1 Hazel Jackson

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