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

Gainplan LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 103.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,270 shares of the electric vehicle producer’s stock after acquiring an additional 3,181 shares during the period. Tesla makes up approximately 1.1% of Gainplan LLC’s portfolio, making the stock its 21st largest position. Gainplan LLC’s holdings in Tesla were worth $1,625,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. raised 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 purchasing an additional 34 shares during the period. GS Investments Inc. lifted 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 valued at $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC bought a new position in Tesla in the 4th quarter worth $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla in the 4th quarter worth $38,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Down 3.5%

TSLA opened at $332.05 on Thursday. 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 stock’s fifty day moving average is $291.12 and its two-hundred day moving average is $334.34. The company has a market capitalization of $1.07 trillion, a P/E ratio of 162.77, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction on Monday, March 10th. The stock was 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 in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $6,737,500. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 870,721 shares of company stock valued at $286,248,728 over the last ninety days. 20.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a “buy” rating in a research report on Thursday, April 24th. Robert W. Baird reduced their price objective on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Truist Financial set a $280.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Canaccord Genuity Group reduced their price target on shares of Tesla from $404.00 to $303.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group dropped their price objective on shares of Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $293.97.

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.