Elser Financial Planning Inc Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Elser Financial Planning Inc bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,079 shares of the electric vehicle producer’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the third quarter worth $29,000. Peterson Financial Group Inc. bought a new stake in shares of Tesla in the third quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Tesla by 692.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock valued at $56,000 after purchasing an additional 187 shares in the last quarter. Finley Financial LLC purchased a new position in Tesla during the fourth quarter valued at $64,000. Finally, Abich Financial Wealth Management LLC lifted its position in Tesla by 136.4% during the third quarter. Abich Financial Wealth Management LLC now owns 305 shares of the electric vehicle producer’s stock valued at $80,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Monday. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Glj Research restated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Wednesday. Finally, Benchmark began coverage on Tesla in a research report on Wednesday. They issued a “buy” rating and a $475.00 price objective on the stock. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $326.50.

Insider Activity

In other news, Director Kimbal Musk sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 523,386 shares of company stock valued at $195,995,200. 20.70% of the stock is currently owned by insiders.

Tesla Trading Up 5.8 %

Shares of NASDAQ TSLA opened at $355.94 on Friday. The business’s 50 day moving average is $407.25 and its two-hundred day moving average is $306.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a market capitalization of $1.14 trillion, a P/E ratio of 174.48, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, research analysts expect that Tesla, Inc. will post 2.54 EPS for the current year.

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.