Tesla, Inc. $TSLA Shares Sold by Matauro LLC

Key Points

• Matauro LLC reduced its Tesla holdings by 41% in Q2, now owning 3,609 shares worth approximately $1.15 million.
• Tesla reported a net margin of 6.54% and earnings per share (EPS) of $0.40 for the last quarter, missing estimates by $0.03.
• Analysts have set new price targets for Tesla, with Wedbush increasing its target from $500 to $600, indicating strong market interest.

Matauro LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,609 shares of the electric vehicle producer's stock after selling 2,505 shares during the period. Matauro LLC's holdings in Tesla were worth $1,146,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. Cherry Tree Wealth Management LLC grew its stake in shares of Tesla by 86.3% in 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 grew its stake in shares of Tesla by 79.2% in 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. Arcadia Investment Management Corp MI acquired a new stake in Tesla in the first quarter valued at approximately $27,000. Newton One Investments LLC grew its position in Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Finally, Chelsea Counsel Co. grew its position in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $429.83 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The firm has a 50-day simple moving average of $364.02 and a 200 day simple moving average of $321.39. The company has a market cap of $1.43 trillion, a PE ratio of 248.46, a P/E/G ratio of 15.15 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business's revenue was down 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $440.00 price target on shares of Tesla in a report on Friday, September 5th. Benchmark restated a "buy" rating and set a $475.00 target price (up from $350.00) on shares of Tesla in a research note on Thursday, June 26th. Wedbush boosted their price target on Tesla from $500.00 to $600.00 and gave the stock an "outperform" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. increased their price target on Tesla from $115.00 to $150.00 in a report on Friday. Finally, Canaccord Genuity Group raised their price objective on Tesla from $333.00 to $490.00 and gave the company a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $343.43.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction that occurred on 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 owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock worth $77,360,462 in the last 90 days. 19.90% of the stock is currently owned by company insiders.

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.

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