Thiel Macro LLC Invests $42.59 Million in Tesla, Inc. (NASDAQ:TSLA)

Thiel Macro LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,460 shares of the electric vehicle producer's stock, valued at approximately $42,589,000. Tesla makes up 36.1% of Thiel Macro LLC's holdings, making the stock its largest holding.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Tesla by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after purchasing an additional 3,571,793 shares during the period. Geode Capital Management LLC increased its holdings in Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares during the period. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at $14,420,248,000. FMR LLC increased its holdings in Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. Finally, Northern Trust Corp increased its holdings in Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at $23,300,200. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $8,085,000. This represents a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 412,623 shares of company stock worth $115,600,501. Insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA stock opened at $349.98 on Friday. The company has a market capitalization of $1.13 trillion, a P/E ratio of 171.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The business has a 50-day simple moving average of $267.35 and a two-hundred day simple moving average of $330.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the firm posted $0.45 EPS. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSLA shares. Roth Mkm decreased their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Guggenheim reaffirmed a "sell" rating and set a $170.00 price target on shares of Tesla in a research report on Thursday, April 24th. Barclays decreased their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. HSBC decreased their price target on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a report on Thursday, March 27th. Finally, Canaccord Genuity Group decreased their price target on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $289.43.

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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