Comprehensive Financial Planning Inc. PA Purchases 461 Shares of Tesla, Inc. $TSLA

Comprehensive Financial Planning Inc. PA boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 16.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,214 shares of the electric vehicle producer’s stock after acquiring an additional 461 shares during the period. Comprehensive Financial Planning Inc. PA’s holdings in Tesla were worth $1,021,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Nuveen LLC bought a new stake in shares of Tesla in the 1st quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares during the last quarter. Amundi raised its position in shares of Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after buying an additional 3,814,610 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock valued at $63,983,418,000 after acquiring an additional 3,694,524 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Benchmark restated a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their price target for the company from $320.00 to $548.00 in a report on Friday, September 19th. Guggenheim reaffirmed a “sell” rating and set a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. DZ Bank reissued a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and eleven have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $391.08.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,606 shares of company stock worth $75,588,902 over the last three months. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Down 1.3%

Shares of NASDAQ TSLA opened at $439.62 on Wednesday. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 293.08, a PEG ratio of 16.84 and a beta of 2.06. The stock has a 50 day moving average price of $425.40 and a 200 day moving average price of $358.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. Tesla’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.