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

Financial Planning Hawaii Inc. acquired a new position in Tesla, Inc. (NASDAQ:TSLAFree Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,648 shares of the electric vehicle producer’s stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Relyea Zuckerberg Hanson LLC boosted its position in shares of Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after buying an additional 23 shares during the period. Equita Financial Network Inc. grew its stake in shares of Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after purchasing an additional 23 shares in the last quarter. VanderPol Investments L.L.C. increased its holdings in shares of Tesla by 2.2% during the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of Tesla by 0.3% during the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC raised its stake in shares of Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

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Analyst Ratings Changes

TSLA has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Phillip Securities reduced their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Wells Fargo & Company decreased their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Finally, CICC Research boosted their target price on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $406.84.

View Our Latest Report on Tesla

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director directly owned 19,669 shares in the company, valued at $8,173,649.64. This represents a 56.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,995 shares of company stock worth $38,315,650. Corporate insiders own 19.90% of the company’s stock.

Tesla Price Performance

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

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

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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