Tesla, Inc. $TSLA Shares Sold by Rokos Capital Management LLP

Rokos Capital Management LLP decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 68.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,771 shares of the electric vehicle producer’s stock after selling 255,719 shares during the period. Rokos Capital Management LLP’s holdings in Tesla were worth $37,108,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Chelsea Counsel Co. lifted its holdings in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC acquired a new position in Tesla during the second quarter worth $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the second quarter worth $30,000. ESL Trust Services LLC lifted its holdings in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 95 shares during the period. Finally, Evergreen Private Wealth LLC boosted its position in shares of Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent analyst reports. Industrial Alliance Securities set a $300.00 price objective on shares of Tesla in a research note on Monday, October 13th. Melius assumed coverage on shares of Tesla in a research report on Monday, October 13th. They set a “buy” rating and a $520.00 price target for the company. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, BNP Paribas upped their target price on Tesla from $307.00 to $313.00 in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $399.33.

Tesla Stock Up 1.5%

Shares of NASDAQ:TSLA opened at $451.91 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.50 trillion, a P/E ratio of 301.27, a P/E/G ratio of 14.99 and a beta of 1.87. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54. The stock’s fifty day simple moving average is $434.72 and its 200-day simple moving average is $374.86.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla Company 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.