943 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by XY Planning Network Inc.

XY Planning Network Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 943 shares of the electric vehicle producer's stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. True Wealth Design LLC grew its position in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Navigoe LLC bought a new position in shares of Tesla in the fourth quarter worth $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 6.9%

Tesla stock traded up $23.55 during mid-day trading on Tuesday, hitting $362.89. 118,443,476 shares of the stock were exchanged, compared to its average volume of 97,589,424. The stock has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm's fifty day simple moving average is $279.40 and its two-hundred day simple moving average is $333.38.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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 in the prior year, the business earned $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSLA. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Mizuho lifted their price objective on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft cut their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company dropped their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $9,435,464.50. This represents a 10.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 over the last 90 days. Company insiders own 20.70% of the company's stock.

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.