Apeiron RIA LLC Has $278,000 Holdings in Tesla, Inc. $TSLA

Key Points

• Apeiron RIA LLC reduced its stake in Tesla, Inc. by 77.0%, owning only 1,073 shares valued at $278,000 after selling 3,584 shares in the first quarter.
• Despite some institutional investors increasing their stakes in Tesla, the company reported a net loss for the last quarter, with earnings per share falling to $0.40, below the expected $0.43.
• Tesla's stock has seen a significant increase, currently trading at $368.81, and has a market cap of $1.19 trillion, while analysts’ target prices for the stock range from $303.00 to $500.00.

Apeiron RIA LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 77.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,073 shares of the electric vehicle producer's stock after selling 3,584 shares during the period. Apeiron RIA LLC's holdings in Tesla were worth $278,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Means Investment CO. Inc. raised its stake in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after buying an additional 6,323 shares during the period. Focus Financial Network Inc. raised its stake in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after buying an additional 670 shares during the period. Zuckerman Investment Group LLC raised its stake in Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after buying an additional 826 shares during the period. Siren L.L.C. acquired a new stake in Tesla during the 1st quarter worth $2,332,000. Finally, Keystone Global Partners LLC acquired a new stake in Tesla during the 1st quarter worth $594,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 6.0%

Shares of Tesla stock opened at $368.81 on Friday. The stock has a market cap of $1.19 trillion, a P/E ratio of 213.18, a P/E/G ratio of 12.13 and a beta of 2.06. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The business's 50 day moving average is $327.25 and its 200-day moving average is $302.84.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Tesla's quarterly revenue was down 11.8% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSLA. Piper Sandler reaffirmed an "overweight" rating and set a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Canaccord Genuity Group increased their target price on Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada reiterated an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. Stifel Nicolaus set a $440.00 target price on Tesla in a report on Friday, September 5th. Finally, Wedbush reiterated an "outperform" rating and set a $500.00 target price on shares of Tesla in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $303.00.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director owned 697,031 shares in the company, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,606 shares of company stock worth $44,724,662. 20.70% of the stock is owned by insiders.

Tesla 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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