Gainplan LLC Buys 2,929 Shares of Tesla, Inc. (NASDAQ:TSLA)

Gainplan LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 58.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,948 shares of the electric vehicle producer’s stock after acquiring an additional 2,929 shares during the period. Tesla comprises approximately 1.0% of Gainplan LLC’s investment portfolio, making the stock its 17th largest holding. Gainplan LLC’s holdings in Tesla were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bank & Trust Co purchased a new position in Tesla in the second quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Tesla in the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC grew its position in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares during the period. M&R Capital Management Inc. increased its holdings in Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in Tesla in the fourth quarter valued at about $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,661 shares of company stock valued at $16,663,291 over the last three months. 25.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. William Blair started coverage on shares of Tesla in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Glj Research reiterated a “sell” rating and set a $24.86 price target on shares of Tesla in a research note on Thursday, September 26th. Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday. Citigroup dropped their price objective on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $245.00 target price on shares of Tesla in a research note on Monday, September 30th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $210.54.

Tesla Trading Up 3.9 %

Tesla stock traded up $9.42 during mid-day trading on Friday, hitting $250.08. The company’s stock had a trading volume of 86,726,285 shares, compared to its average volume of 81,772,848. The business has a 50 day moving average price of $224.00 and a 200-day moving average price of $201.39. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The stock has a market cap of $798.92 billion, a price-to-earnings ratio of 63.80, a price-to-earnings-growth ratio of 6.79 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 1.74 EPS for the current year.

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.