Financial Life Planners Purchases New Shares in Tesla, Inc. (NASDAQ:TSLA)

Financial Life Planners bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,736 shares of the electric vehicle producer's stock, valued at approximately $701,000. Tesla accounts for approximately 0.6% of Financial Life Planners' holdings, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Tesla during the third quarter valued at $29,000. Peterson Financial Group Inc. acquired a new position in shares of Tesla during the 3rd quarter worth about $35,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer's stock valued at $56,000 after buying an additional 187 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in Tesla in the 3rd quarter worth about $64,000. Finally, Finley Financial LLC purchased a new stake in Tesla during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSLA. Robert W. Baird decreased their target price on Tesla from $480.00 to $440.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Piper Sandler lifted their target price on shares of Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Morgan Stanley increased their target price on shares of Tesla from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Monday. Finally, Glj Research reiterated a "sell" rating and issued a $24.86 price objective on shares of Tesla in a report on Friday, January 3rd. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $321.71.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total transaction of $2,481,010.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $37,226,491.76. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 635,776 shares of company stock worth $231,335,112 in the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 3.0 %

Shares of NASDAQ TSLA traded down $10.89 during midday trading on Monday, hitting $350.73. The company's stock had a trading volume of 76,670,515 shares, compared to its average volume of 74,762,914. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The business's fifty day simple moving average is $408.27 and its two-hundred day simple moving average is $304.55. The firm has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 171.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

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.