Paradoxiom Capital L.P. Buys Shares of 14,447 Tesla, Inc. $TSLA

Key Points

• Paradoxiom Capital L.P. has acquired a new stake in Tesla, Inc., purchasing 14,447 shares valued at approximately $3.74 million, which makes Tesla 2.4% of its portfolio.
• Goldman Sachs Group Inc. significantly increased its stake in Tesla by 322.1%, owning over 26.5 million shares worth nearly $6.89 billion after recent purchases.
• Tesla's stock has a market cap of $1.13 trillion and reported earnings per share (EPS) of $0.40, missing the consensus estimate of $0.43.

Paradoxiom Capital L.P. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,447 shares of the electric vehicle producer's stock, valued at approximately $3,744,000. Tesla makes up 2.4% of Paradoxiom Capital L.P.'s holdings, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Goldman Sachs Group Inc. grew its stake in shares of Tesla by 322.1% in the first 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 in the last quarter. Nuveen LLC acquired a new stake in Tesla during the 1st quarter valued at $3,247,619,000. GAMMA Investing LLC lifted its holdings in Tesla by 27,378.6% during the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after purchasing an additional 9,776,607 shares during the last quarter. Amundi lifted its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Tesla by 1.5% during 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 purchasing an additional 3,694,524 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the transaction, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,735,080.36. The trade was a 40.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,564 shares of company stock valued at $49,396,070 over the last quarter. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

TSLA stock traded up $12.31 during midday trading on Friday, reaching $350.84. The company had a trading volume of 108,740,568 shares, compared to its average volume of 72,902,024. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 202.80, a price-to-earnings-growth ratio of 12.24 and a beta of 2.06. The stock has a 50 day moving average price of $324.00 and a 200-day moving average price of $301.88. Tesla, Inc. has a 1-year low of $210.51 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly 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 analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. Wedbush reaffirmed an "outperform" rating and set a $500.00 price target on shares of Tesla in a report on Monday, August 4th. Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. UBS Group set a $290.00 price target on Tesla in a report on Monday, June 30th. Guggenheim reaffirmed a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.