Tesla, Inc. (NASDAQ:TSLA) is Strategic Planning Group LLC’s 4th Largest Position

Strategic Planning Group LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,414 shares of the electric vehicle producer’s stock after selling 3,293 shares during the period. Tesla makes up 4.6% of Strategic Planning Group LLC’s investment portfolio, making the stock its 4th largest holding. Strategic Planning Group LLC’s holdings in Tesla were worth $25,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Baring Financial LLC bought a new position in Tesla in the fourth quarter worth $2,793,000. Highland Capital Management LLC increased its stake in shares of Tesla by 109.8% in the 4th quarter. Highland Capital Management LLC now owns 34,304 shares of the electric vehicle producer’s stock worth $13,853,000 after acquiring an additional 17,954 shares in the last quarter. Gries Financial LLC purchased a new position in Tesla during the 4th quarter valued at about $419,000. Ferguson Shapiro LLC bought a new stake in Tesla during the fourth quarter worth about $243,000. Finally, Equita Financial Network Inc. purchased a new stake in Tesla in the fourth quarter worth about $344,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 553,386 shares of company stock worth $196,305,796. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Up 1.1 %

NASDAQ TSLA opened at $404.60 on Monday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.30 trillion, a P/E ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. The stock’s 50-day moving average price is $404.22 and its 200-day moving average price is $299.34.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. On average, equities research analysts predict that Tesla, Inc. will post 2.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $365.00 price target on shares of Tesla in a research report on Wednesday, January 29th. Roth Mkm raised Tesla from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $380.00 in a research note on Monday, December 2nd. Wells Fargo & Company raised their price target on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday. Glj Research reissued a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Friday, January 3rd. Finally, Barclays lifted their target price on shares of Tesla from $270.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $318.31.

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.