Duquesne Family Office LLC Has $4.88 Million Position in Tesla, Inc. $TSLA

Key Points

• Duquesne Family Office LLC reduced its Tesla holdings by 50% during the first quarter, bringing its shares down to 18,838, valued at approximately $4.88 million.
• Insiders sold a total of 143,564 shares of Tesla over the last three months, with significant sales made by senior vice president Xiaotong Zhu and CFO Vaibhav Taneja.
• Tesla's recent quarterly earnings report revealed an EPS of $0.40, missing estimates, with revenue down 11.8% year-over-year, totaling $22.5 billion.

Duquesne Family Office LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,838 shares of the electric vehicle producer's stock after selling 18,837 shares during the period. Duquesne Family Office LLC's holdings in Tesla were worth $4,882,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TSLA. Cherry Tree Wealth Management LLC lifted its stake in Tesla by 86.3% during the first 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 in the last quarter. First PREMIER Bank lifted its stake in Tesla by 79.2% during the first 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 in the last quarter. Newton One Investments LLC lifted its stake in Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Tesla during the first quarter valued at about $27,000. Finally, Centennial Bank AR lifted its stake in Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock valued at $29,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Stock Up 3.6%

NASDAQ TSLA traded up $12.31 during trading on Friday, reaching $350.84. The company's stock had a trading volume of 108,740,568 shares, compared to its average volume of 72,012,552. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.13 trillion, a PE ratio of 202.80, a PEG ratio of 12.24 and a beta of 2.06. The business has a 50-day moving average price of $324.00 and a 200-day moving average price of $302.25. Tesla, Inc. has a 1-year low of $210.51 and a 1-year 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter last year, the firm earned $0.52 earnings per share. Tesla's revenue was down 11.8% compared to the same quarter last year. On average, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TSLA. Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research report on Sunday, August 17th. Robert W. Baird reissued a "neutral" rating and set a $320.00 price target on shares of Tesla in a research report on Monday, June 9th. Morgan Stanley reissued an "overweight" rating and set a $410.00 price target on shares of Tesla in a research report on Friday, June 6th. Finally, Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $303.31.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of 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. In the last ninety days, insiders have sold 143,564 shares of company stock valued at $49,396,070. Corporate 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.