Gainplan LLC Has $1.25 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Gainplan LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 61.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,089 shares of the electric vehicle producer's stock after selling 4,859 shares during the quarter. Tesla makes up approximately 0.5% of Gainplan LLC's holdings, making the stock its 25th largest holding. Gainplan LLC's holdings in Tesla were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital CS Group LLC acquired a new position in Tesla in the fourth quarter worth about $781,000. IMZ Advisory Inc bought a new position in Tesla during the 4th quarter worth approximately $204,000. GSG Advisors LLC grew its position in shares of Tesla by 2.5% in the 4th quarter. GSG Advisors LLC now owns 1,856 shares of the electric vehicle producer's stock worth $750,000 after acquiring an additional 46 shares in the last quarter. MRA Advisory Group acquired a new stake in shares of Tesla during the 4th quarter valued at approximately $514,000. Finally, Shira Ridge Wealth Management raised its position in shares of Tesla by 11.8% during the 4th quarter. Shira Ridge Wealth Management now owns 956 shares of the electric vehicle producer's stock valued at $386,000 after acquiring an additional 101 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Cantor Fitzgerald lifted their price objective on shares of Tesla from $255.00 to $365.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Wedbush reiterated an "outperform" rating and set a $400.00 price objective on shares of Tesla in a research note on Monday, November 18th. Guggenheim raised their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a report on Thursday, December 5th. UBS Group upped their target price on Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a report on Monday, November 25th. Finally, KGI Securities upgraded Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective for the company in a research report on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $296.60.

Tesla Stock Down 1.7 %

NASDAQ TSLA opened at $396.36 on Wednesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market capitalization of $1.27 trillion, a P/E ratio of 108.59, a PEG ratio of 10.80 and a beta of 2.30. The company's 50 day simple moving average is $382.71 and its 200 day simple moving average is $284.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock valued at $213,451,751 over the last three months. Insiders own 20.70% of the company's stock.

Tesla 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.