Siren L.L.C. Takes $2.33 Million Position in Tesla, Inc. $TSLA

Key Points

• Siren L.L.C. acquired 9,000 shares of Tesla, Inc., valued at approximately $2,332,000, during the first quarter, highlighting ongoing interest from institutional investors.
• Tesla's CFO, Vaibhav Taneja, and Director, James R. Murdoch, both sold significant shares recently, indicating a 25.24% and 14.69% reduction in their ownership respectively.
• Tesla's recent earnings report showed an EPS of $0.40, missing analyst expectations, while the company's revenue decreased by 11.8% year-over-year.

Siren L.L.C. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,000 shares of the electric vehicle producer's stock, valued at approximately $2,332,000.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Nuveen LLC acquired a new position in shares of Tesla in the 1st quarter worth approximately $3,247,619,000. GAMMA Investing LLC grew its position 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 worth $2,542,960,000 after acquiring an additional 9,776,607 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $63,983,418,000 after acquiring an additional 3,694,524 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Tesla by 54.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,464,765 shares of the electric vehicle producer's stock worth $2,193,728,000 after acquiring an additional 2,978,026 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Down 3.5%

Shares of Tesla stock traded down $12.11 during trading on Friday, hitting $333.87. The company's stock had a trading volume of 80,898,652 shares, compared to its average volume of 76,110,896. 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 stock has a market cap of $1.08 trillion, a price-to-earnings ratio of 192.99, a price-to-earnings-growth ratio of 11.61 and a beta of 2.33. The stock has a 50-day moving average price of $323.59 and a two-hundred day moving average price of $303.15. Tesla, Inc. has a 52 week low of $205.97 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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 firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue was down 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Robert W. Baird reiterated a "neutral" rating and issued a $320.00 price objective on shares of Tesla in a research report on Monday, June 9th. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Canaccord Genuity Group raised their price objective on Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Guggenheim restated a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Finally, Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. One 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 an average target price of $303.31.

Insider Activity

In related news, Director James R. Murdoch sold 120,000 shares of the company'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 sale, the director owned 697,031 shares in the company, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the completion of the sale, the chief financial officer owned 1,950 shares in the company, valued at $664,989. This represents a 75.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,564 shares of company stock worth $51,792,190. Company insiders own 20.70% of the company's stock.

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.