Axiom Investors LLC DE Has $16.04 Million Holdings in Tesla, Inc. $TSLA

Key Points

• Axiom Investors LLC DE reduced its holdings in Tesla, Inc. by 4%, resulting in ownership of 61,877 shares valued at approximately $16.04 million.
• Tesla reported a net margin of 6.54% and earnings per share (EPS) of $0.40, missing analysts' expectations of $0.43.
• Insider transactions reflect a significant selling trend, with Kimbal Musk and Ira Matthew Ehrenpreis selling a combined total of over $200 million in Tesla stock recently.

Axiom Investors LLC DE reduced its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,877 shares of the electric vehicle producer's stock after selling 2,598 shares during the period. Axiom Investors LLC DE's holdings in Tesla were worth $16,036,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Navigoe LLC acquired a new position in shares of Tesla during the 4th quarter valued at about $37,000. Cherry Tree Wealth Management LLC increased its holdings in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares during the last quarter. First PREMIER Bank increased its holdings in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Tesla during the 4th quarter valued at about $39,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA opened at $340.01 on Friday. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 196.54, a price-to-earnings-growth ratio of 11.82 and a beta of 2.33. The stock's 50 day moving average price is $321.27 and its two-hundred day moving average price is $303.08. 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 $202.59 and a 12-month high of $488.54.

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

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director owned 855,394 shares of the company's stock, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 599,724 shares of company stock worth $213,126,501 over the last 90 days. Insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group set a $290.00 price objective on Tesla in a report on Monday, June 30th. Guggenheim reissued a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Finally, HSBC reissued a "reduce" rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fifteen have given a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $303.31.

About Tesla

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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