KADENSA CAPITAL Ltd Makes New Investment in Tesla, Inc. $TSLA

Key Points

• KADENSA CAPITAL Ltd has acquired a new stake in Tesla, Inc., purchasing 51,529 shares valued at approximately $13.35 million during the first quarter.
• Institutional investors own 66.20% of Tesla's stock, with various hedge funds increasing their positions, including Means Investment CO. Inc. and IFM Investors Pty Ltd.
• Tesla recently posted quarterly earnings, reporting $0.40 EPS, which fell short of analysts' expectations, while also experiencing a 11.8% year-over-year decline in revenue.

KADENSA CAPITAL Ltd bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,529 shares of the electric vehicle producer's stock, valued at approximately $13,354,000. Tesla makes up 1.7% of KADENSA CAPITAL Ltd's holdings, making the stock its 28th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Means Investment CO. Inc. lifted its holdings 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 in the last quarter. Focus Financial Network Inc. lifted its holdings 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 in the last quarter. Zuckerman Investment Group LLC lifted its holdings 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 in the last quarter. Keystone Global Partners LLC acquired a new stake in Tesla during the 1st quarter worth approximately $594,000. Finally, IFM Investors Pty Ltd lifted its holdings in Tesla by 8.5% during the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock worth $153,436,000 after buying an additional 46,087 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,735,080.36. This trade represents a 40.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,564 shares of company stock valued at $49,396,070 in the last ninety days. Insiders own 20.70% of the company's stock.

Tesla Trading Up 1.3%

NASDAQ TSLA opened at $338.53 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm's fifty day moving average price is $323.45 and its 200 day moving average price is $302.67. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 195.68, a price-to-earnings-growth ratio of 11.66 and a beta of 2.06. Tesla, Inc. has a 12 month low of $210.51 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results 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). The company had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSLA shares. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Benchmark reiterated a "buy" rating and set a $475.00 target price (up previously from $350.00) on shares of Tesla in a research note on Thursday, June 26th. UBS Group set a $290.00 target price on shares of Tesla in a research note on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating and set a $410.00 target price on shares of Tesla in a research note on Friday, June 6th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $320.00 target price on shares of Tesla in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $303.31.

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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