Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Saiph Capital LLC

Key Points

• Saiph Capital LLC increased its stake in Tesla by 178.6%, owning a total of 1,839 shares valued at approximately $477,000 as of the latest SEC filing.
• Institutional investors collectively own 66.20% of Tesla's stock, with several firms increasing their holdings in recent quarters.
• Tesla reported a loss of $0.40 EPS in its latest quarterly earnings, missing estimates and showing a 11.8% revenue decline year-over-year.

Saiph Capital LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 178.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,839 shares of the electric vehicle producer's stock after purchasing an additional 1,179 shares during the period. Saiph Capital LLC's holdings in Tesla were worth $477,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Navigoe LLC purchased a new position in Tesla in the 4th quarter valued at about $37,000. Cherry Tree Wealth Management LLC boosted its position in Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 44 shares during the last quarter. First PREMIER Bank boosted its position in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Tesla in the 4th quarter valued at about $39,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares in the company, valued at $522,940,195.80. This represents a 5.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 602,724 shares of company stock worth $214,176,831. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

Shares of TSLA traded down $3.80 during mid-day trading on Thursday, reaching $335.58. 74,640,981 shares of the company's stock traded hands, compared to its average volume of 106,159,734. The business's 50-day moving average price is $318.69 and its 200-day moving average price is $306.71. The stock has a market capitalization of $1.08 trillion, a P/E ratio of 193.98, a price-to-earnings-growth ratio of 11.85 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a 12 month low of $202.59 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. Mizuho decreased their price objective on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. China Renaissance reaffirmed a "hold" rating and set a $349.00 price target on shares of Tesla in a research report on Friday, July 25th. Royal Bank Of Canada reaffirmed an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Robert W. Baird reaffirmed a "neutral" rating and set a $320.00 price target on shares of Tesla in a research report on Monday, June 9th. Finally, UBS Group set a $290.00 price target on shares of Tesla in a research report on Monday, June 30th. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $303.31.

Tesla 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.