Duquesne Family Office LLC Invests $15.22 Million in Tesla, Inc. (NASDAQ:TSLA)

Duquesne Family Office LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,675 shares of the electric vehicle producer's stock, valued at approximately $15,215,000.

A number of other large investors also recently added to or reduced their stakes in TSLA. Susquehanna Fundamental Investments LLC bought a new stake in Tesla in the 4th quarter worth $56,600,000. Stephens Consulting LLC increased its position in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the period. Worth Asset Management LLC raised its holdings in Tesla by 383.1% in the 4th quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after purchasing an additional 6,593 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in shares of Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the period. Finally, Harvard Management Co. Inc. bought a new stake in shares of Tesla during the 4th quarter valued at about $8,158,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Down 1.8 %

TSLA stock opened at $275.35 on Wednesday. The business's 50-day moving average is $258.47 and its two-hundred day moving average is $325.98. The company has a market cap of $886.89 billion, a price-to-earnings ratio of 134.98, a P/E/G ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $350.00 price target on shares of Tesla in a research note on Thursday, May 1st. Bank of America decreased their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Piper Sandler restated an "overweight" rating on shares of Tesla in a research report on Tuesday, April 22nd. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, StockNews.com lowered Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $287.46.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 75,000 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the sale, the chief financial officer now directly owns 23,084 shares in the company, valued at $6,833,325.68. This trade represents a 20.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 371,228 shares of company stock worth $111,181,034. Corporate insiders own 20.70% of the company's stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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