Intrepid Financial Planning Group LLC Sells 69 Shares of Tesla, Inc. (NASDAQ:TSLA)

Intrepid Financial Planning Group LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,153 shares of the electric vehicle producer’s stock after selling 69 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Tesla were worth $466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Tesla by 12.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 104,055 shares of the electric vehicle producer’s stock valued at $42,022,000 after acquiring an additional 11,821 shares in the last quarter. Ascent Capital Management LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $849,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Tesla by 19.7% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 414 shares of the electric vehicle producer’s stock valued at $167,000 after acquiring an additional 68 shares in the last quarter. one8zero8 LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $1,348,000. Finally, Choate Investment Advisors raised its holdings in shares of Tesla by 17.7% in the fourth quarter. Choate Investment Advisors now owns 12,363 shares of the electric vehicle producer’s stock valued at $4,993,000 after acquiring an additional 1,862 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $7,242,273.50. This represents a 9.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, 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 a total of 477,228 shares of company stock valued at $166,849,043 in the last three months. 20.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSLA shares. Robert W. Baird decreased their price objective on Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Wells Fargo & Company cut their target price on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday. Truist Financial lifted their target price on Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $325.65.

Tesla Trading Up 3.9 %

Shares of NASDAQ:TSLA opened at $249.98 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a market capitalization of $804.06 billion, a PE ratio of 122.54, a PEG ratio of 5.86 and a beta of 2.50. The business has a 50 day moving average of $351.31 and a two-hundred day moving average of $319.51. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (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, analysts forecast that Tesla, Inc. will post 2.56 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.