Oriental Harbor Investment Master Fund Makes New $62.96 Million Investment in Tesla, Inc. $TSLA

Key Points

• Oriental Harbor Investment Master Fund has made a new investment in Tesla, acquiring 198,192 shares worth approximately $62.96 million, which now constitutes about 4.5% of its portfolio.
• Tesla's stock has seen significant trading activity with 66.20% of its shares owned by institutional investors and hedge funds, reflecting strong financial commitment from larger investors.
• Despite these investments, Tesla recently missed earnings estimates for the quarter, reporting $0.40 EPS against an expected $0.43 EPS, alongside a revenue decline of 11.8% year-over-year.

Oriental Harbor Investment Master Fund acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,192 shares of the electric vehicle producer's stock, valued at approximately $62,958,000. Tesla makes up approximately 4.5% of Oriental Harbor Investment Master Fund's portfolio, making the stock its 10th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. First Merchants Corp increased its stake in shares of Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock valued at $767,000 after buying an additional 31 shares in the last quarter. KWB Wealth increased its stake in shares of Tesla by 2.4% in the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its stake in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after buying an additional 34 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its stake in shares of Tesla by 0.7% in the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after buying an additional 34 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its stake in shares of Tesla by 1.6% in the second quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer's stock valued at $697,000 after buying an additional 34 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company's stock.

Tesla Price Performance

Shares of TSLA opened at $439.31 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 1 year low of $212.11 and a 1 year high of $488.54. The stock has a market cap of $1.46 trillion, a P/E ratio of 253.94, a price-to-earnings-growth ratio of 15.41 and a beta of 2.08. The stock's 50-day moving average price is $387.54 and its two-hundred day moving average price is $333.25.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (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 company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the business posted $0.52 EPS. Tesla's quarterly revenue was down 11.8% on a year-over-year basis. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Glj Research restated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Morgan Stanley restated an "overweight" rating on shares of Tesla in a research note on Wednesday. China Renaissance reiterated a "hold" rating and issued a $349.00 price objective on shares of Tesla in a research report on Friday, July 25th. Barclays reiterated a "negative" rating and issued a $350.00 price objective (up from $275.00) on shares of Tesla in a research report on Thursday. Finally, Guggenheim reiterated a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $363.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.