Financial Planning Hawaii Inc. Invests $741,000 in Tesla, Inc. $TSLA

Financial Planning Hawaii Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,648 shares of the electric vehicle producer’s stock, valued at approximately $741,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla during the third quarter valued at $30,000. Manning & Napier Advisors LLC acquired a new stake in Tesla during the 3rd quarter worth about $29,000. Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the 3rd quarter worth about $31,000. Westend Capital Management LLC purchased a new position in Tesla during the 3rd quarter valued at about $32,000. Finally, Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSLA. JPMorgan Chase & Co. reduced their price target on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, January 27th. Wells Fargo & Company cut their target price on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. BNP Paribas Exane decreased their target price on shares of Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Finally, New Street Research upped their price target on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $406.84.

Check Out Our Latest Research Report on Tesla

Tesla Price Performance

Shares of TSLA opened at $355.28 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The firm has a market cap of $1.33 trillion, a PE ratio of 328.96, a PEG ratio of 10.71 and a beta of 1.89. The firm’s 50 day moving average price is $406.56 and its 200 day moving average price is $428.82. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total value of $10,692,774.36. Following the completion of the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. This represents a 56.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,995 shares of company stock valued at $38,315,650. Insiders own 19.90% of the company’s stock.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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