Gainplan LLC Purchases 3,181 Shares of Tesla, Inc. (NASDAQ:TSLA)

Gainplan LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 103.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,270 shares of the electric vehicle producer's stock after buying an additional 3,181 shares during the quarter. Tesla comprises approximately 1.1% of Gainplan LLC's investment portfolio, making the stock its 21st biggest holding. Gainplan LLC's holdings in Tesla were worth $1,625,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Vista Finance LLC lifted its stake in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after acquiring an additional 25 shares during the period. Jmac Enterprises LLC boosted its holdings in Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock worth $1,569,000 after buying an additional 26 shares in the last quarter. TFB Advisors LLC grew its position in Tesla by 0.5% during the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after buying an additional 27 shares during the period. Vista Capital Partners Inc. increased its holdings in Tesla by 1.4% in the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after buying an additional 27 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its stake in shares of Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 3.7%

NASDAQ TSLA traded up $10.44 during trading hours on Friday, hitting $295.14. The company's stock had a trading volume of 163,425,518 shares, compared to its average volume of 99,550,946. The stock has a fifty day moving average of $291.63 and a 200 day moving average of $333.97. 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 twelve month low of $167.41 and a twelve month high of $488.54. The firm has a market capitalization of $950.63 billion, a P/E ratio of 144.68, a PEG ratio of 5.86 and a beta of 2.47.

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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 1,000 shares of Tesla stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the chief financial officer now owns 1,950 shares in the company, valued at approximately $682,500. This represents a 33.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 870,721 shares of company stock valued at $286,248,728 in the last ninety days. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a "buy" rating in a report on Thursday, April 24th. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Robert W. Baird lowered their price target on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Cantor Fitzgerald reduced their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and raised their price target for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $294.27.

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.