Jump Financial LLC Has $22.22 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Jump Financial LLC reduced its Tesla shares by 53.8%, holding 85,719 shares valued at approximately $22.22 million after selling 99,918 shares in the first quarter.
• Institutional investors own 66.20% of Tesla's stock, with Vanguard Group Inc. increasing its position by 1.5% to hold over 246 million shares worth nearly $64 billion.
• Recent earnings showed Tesla reported a net margin of 6.54% and revenue of $22.50 billion, which was below analyst expectations of $23.18 billion.

Jump Financial LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,719 shares of the electric vehicle producer's stock after selling 99,918 shares during the quarter. Jump Financial LLC's holdings in Tesla were worth $22,215,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Tesla by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after buying an additional 3,694,524 shares during the last quarter. Northern Trust Corp raised its position in Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after buying an additional 5,075,418 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Tesla by 322.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Tesla by 0.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,536,519 shares of the electric vehicle producer's stock valued at $9,908,828,000 after purchasing an additional 158,697 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Tesla by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after purchasing an additional 849,091 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush restated an "outperform" rating and issued a $500.00 price target on shares of Tesla in a research note on Monday, August 4th. HSBC restated a "reduce" rating and issued a $120.00 price target on shares of Tesla in a research note on Thursday, July 3rd. Royal Bank Of Canada restated an "overweight" rating on shares of Tesla in a research note on Tuesday, July 29th. Robert W. Baird restated a "neutral" rating and issued a $320.00 price target on shares of Tesla in a research note on Monday, June 9th. Finally, Canaccord Genuity Group raised their price target on Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fifteen have issued a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $303.31.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares in the company, valued at $1,777,200. The trade was a 25.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were 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 of the company's stock, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 599,724 shares of company stock valued at $213,126,501. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $340.01 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.55 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. The stock has a 50 day moving average of $321.27 and a 200-day moving average of $303.60. The company has a market capitalization of $1.10 trillion, a P/E ratio of 196.54, a P/E/G ratio of 11.13 and a beta of 2.33.

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

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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