Fiduciary Planning LLC Sells 221 Shares of Tesla, Inc. $TSLA

Fiduciary Planning LLC reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,702 shares of the electric vehicle producer’s stock after selling 221 shares during the quarter. Tesla makes up approximately 0.7% of Fiduciary Planning LLC’s holdings, making the stock its 25th biggest holding. Fiduciary Planning LLC’s holdings in Tesla were worth $2,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC boosted its stake in Tesla by 37.3% in the 2nd quarter. Princeton Global Asset Management LLC now owns 829 shares of the electric vehicle producer’s stock valued at $263,000 after buying an additional 225 shares in the last quarter. Schnieders Capital Management LLC lifted its holdings in shares of Tesla by 94.2% during the second quarter. Schnieders Capital Management LLC now owns 9,085 shares of the electric vehicle producer’s stock valued at $2,886,000 after acquiring an additional 4,406 shares during the period. ODonnell Financial Services LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at $212,000. Alaska Wealth Advisors boosted its stake in shares of Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. Finally, LMG Wealth Partners LLC grew its holdings in shares of Tesla by 6.7% in the 2nd quarter. LMG Wealth Partners LLC now owns 12,448 shares of the electric vehicle producer’s stock worth $3,954,000 after purchasing an additional 784 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 2.5%

NASDAQ:TSLA opened at $439.31 on Monday. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 253.94, a P/E/G ratio of 15.79 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock’s fifty day moving average price is $387.54 and its two-hundred day moving average price is $334.06. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s revenue was down 11.8% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

TSLA has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Tesla from $400.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. BNP Paribas Exane assumed coverage on shares of Tesla in a research note on Thursday. They issued an “underperform” rating and a $307.00 target price for the company. Stifel Nicolaus set a $483.00 target price on Tesla and gave the stock a “buy” rating in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Finally, Melius Research set a $520.00 price objective on Tesla and gave the company a “buy” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $363.54.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the sale, the director owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company’s stock.

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.