Mark Sheptoff Financial Planning LLC Reduces Stake in Tesla, Inc. (NASDAQ:TSLA)

Mark Sheptoff Financial Planning LLC lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,594 shares of the electric vehicle producer’s stock after selling 255 shares during the quarter. Tesla accounts for 1.5% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 14th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Tesla were worth $2,772,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank boosted its holdings in shares of Tesla by 2.0% in the second quarter. First Hawaiian Bank now owns 7,296 shares of the electric vehicle producer’s stock worth $1,444,000 after buying an additional 144 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Tesla in the second quarter worth approximately $578,000. Bank & Trust Co purchased a new position in shares of Tesla during the 2nd quarter worth $25,000. City State Bank increased its stake in shares of Tesla by 119.3% in the 2nd quarter. City State Bank now owns 2,730 shares of the electric vehicle producer’s stock worth $540,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in Tesla by 2.1% in the 2nd quarter. Quent Capital LLC now owns 11,480 shares of the electric vehicle producer’s stock worth $2,272,000 after purchasing an additional 236 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 3.7 %

NASDAQ:TSLA opened at $345.16 on Friday. The company has a market cap of $1.11 trillion, a price-to-earnings ratio of 94.56, a price-to-earnings-growth ratio of 11.21 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $361.93. The stock has a fifty day simple moving average of $274.55 and a 200-day simple moving average of $232.18.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The trade was a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 301,187 shares of company stock worth $92,956,692. Company insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSLA. Jefferies Financial Group boosted their price target on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Guggenheim increased their target price on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their target price on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th. Glj Research reiterated a “sell” rating and issued a $24.86 price target on shares of Tesla in a research report on Thursday, October 17th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $231.06.

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.