Duquesne Family Office LLC Sells 18,837 Shares of 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 shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 50.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. Means Investment CO. Inc. boosted its stake in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after buying an additional 6,323 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after purchasing an additional 670 shares during the last quarter. Zuckerman Investment Group LLC lifted its stake in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after purchasing an additional 826 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Tesla in the 1st quarter valued at $594,000. Finally, IFM Investors Pty Ltd lifted its stake in shares of Tesla by 8.5% in the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock valued at $153,436,000 after purchasing an additional 46,087 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction dated 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 owned 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the 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 completion of the transaction, the director directly owned 697,031 shares of the company's stock, valued at $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 141,000 shares of company stock valued at $48,663,510 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded down $3.98 during trading hours on Monday, reaching $346.86. 52,925,686 shares of the company traded hands, compared to its average volume of 103,109,055. The stock's fifty day moving average is $324.00 and its 200 day moving average is $301.88. The stock has a market cap of $1.12 trillion, a P/E ratio of 200.44, a price-to-earnings-growth ratio of 12.24 and a beta of 2.06. 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 1-year low of $212.11 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 in the prior year, the company posted $0.52 EPS. The company's quarterly revenue was down 11.8% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of several analyst reports. Stifel Nicolaus set a $440.00 price objective on shares of Tesla in a research note on Friday. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Canaccord Genuity Group boosted their target price on shares of Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. William Blair reissued a "market perform" rating on shares of Tesla in a research report on Friday. Finally, Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $303.00.

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.