Decker Retirement Planning Inc. Has $3.35 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Decker Retirement Planning Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,911 shares of the electric vehicle producer's stock after acquiring an additional 1,689 shares during the period. Tesla accounts for approximately 2.1% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 6th biggest position. Decker Retirement Planning Inc.'s holdings in Tesla were worth $3,346,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vista Investment Partners II LLC lifted its stake in shares of Tesla by 16.8% in the 1st quarter. Vista Investment Partners II LLC now owns 1,826 shares of the electric vehicle producer's stock valued at $473,000 after acquiring an additional 263 shares during the last quarter. TCV Trust & Wealth Management Inc. lifted its stake in shares of Tesla by 10.1% in the 1st quarter. TCV Trust & Wealth Management Inc. now owns 1,089 shares of the electric vehicle producer's stock valued at $282,000 after acquiring an additional 100 shares during the last quarter. 3Chopt Investment Partners LLC lifted its stake in shares of Tesla by 3.6% in the 1st quarter. 3Chopt Investment Partners LLC now owns 7,419 shares of the electric vehicle producer's stock valued at $1,923,000 after acquiring an additional 258 shares during the last quarter. Hartmann Taylor Wealth Management LLC bought a new position in shares of Tesla in the 1st quarter valued at $455,000. Finally, Sims Investment Management LLC lifted its stake in shares of Tesla by 7.4% in the 1st quarter. Sims Investment Management LLC now owns 6,048 shares of the electric vehicle producer's stock valued at $1,567,000 after acquiring an additional 418 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In related news, Director Joseph Gebbia purchased 4,000 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was bought at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the purchase, the director now directly owns 4,111 shares in the company, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the transaction, the director now owns 855,394 shares of the company's stock, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 833,509 shares of company stock worth $278,648,925 in the last quarter. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Robert W. Baird restated a "neutral" rating and issued a $320.00 price objective on shares of Tesla in a report on Monday, June 9th. Wedbush restated an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a report on Friday, June 20th. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Finally, Benchmark restated a "buy" rating and issued a $475.00 price objective (up from $350.00) on shares of Tesla in a report on Thursday. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $298.37.

Tesla Price Performance

Tesla stock opened at $323.63 on Friday. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The company's 50 day moving average price is $314.93 and its two-hundred day moving average price is $329.82. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.04 trillion, a P/E ratio of 177.82, a P/E/G ratio of 12.10 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business earned $0.45 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current 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.

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