LifePlan Investment Advisors Inc. Purchases 105 Shares of Tesla, Inc. (NASDAQ:TSLA)

LifePlan Investment Advisors Inc. grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 874 shares of the electric vehicle producer’s stock after buying an additional 105 shares during the quarter. LifePlan Investment Advisors Inc.’s holdings in Tesla were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Horrell Capital Management Inc. increased its stake 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 worth $32,000 after purchasing an additional 34 shares during the last quarter. GS Investments Inc. increased its stake 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 during the last quarter. Navigoe LLC purchased a new stake in shares of Tesla during the 4th quarter worth approximately $37,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the 4th quarter worth approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Tesla during the 4th quarter worth approximately $39,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSLA. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, April 24th. Wedbush reiterated an “outperform” rating and issued a $350.00 price objective on shares of Tesla in a research note on Thursday, May 1st. Robert W. Baird reduced their price objective on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Raymond James lowered shares of Tesla to an “outperform” rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $287.46.

Tesla Stock Performance

Tesla stock opened at $298.05 on Monday. 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 company has a market capitalization of $960.01 billion, a PE ratio of 146.10, a P/E/G ratio of 5.86 and a beta of 2.43. The firm has a fifty day simple moving average of $258.65 and a two-hundred day simple moving average of $327.89. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion during 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 firm earned $0.45 earnings per share. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $25,466,850. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the transaction, the chief financial officer now directly owns 23,084 shares of the company’s stock, valued at approximately $6,833,325.68. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 408,623 shares of company stock valued at $114,400,501. Insiders own 20.70% of the company’s stock.

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.