Fiduciary Planning LLC Has $1.79 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Fiduciary Planning LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,923 shares of the electric vehicle producer's stock after purchasing an additional 1,454 shares during the quarter. Tesla comprises 0.6% of Fiduciary Planning LLC's holdings, making the stock its 27th biggest position. Fiduciary Planning LLC's holdings in Tesla were worth $1,794,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC acquired a new position in Tesla in the fourth quarter valued at approximately $56,600,000. Stephens Consulting LLC grew its holdings in Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. raised its position in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after acquiring an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. acquired a new position in shares of Tesla in the 4th quarter valued at $8,158,000. Finally, Vontobel Holding Ltd. boosted its position in shares of Tesla by 23.0% in the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after purchasing an additional 60,342 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the subject of a number of recent analyst reports. Guggenheim reiterated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Piper Sandler set a $400.00 target price on Tesla in a research report on Tuesday, May 6th. Morgan Stanley reiterated an "overweight" rating on shares of Tesla in a research report on Friday. Robert W. Baird reduced their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $294.27.

Tesla Trading Up 3.7%

Shares of Tesla stock opened at $295.14 on Friday. The stock has a market cap of $950.63 billion, a P/E ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $167.41 and a 12-month high of $488.54. The business's 50 day moving average is $292.17 and its 200-day moving average is $333.62.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the company posted $0.45 earnings per share. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 870,721 shares of company stock valued at $286,248,728. 20.70% of the stock is owned by company insiders.

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.

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