LifePlan Investment Advisors Inc. Buys 105 Shares of Tesla, Inc. (NASDAQ:TSLA)

LifePlan Investment Advisors Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 13.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 874 shares of the electric vehicle producer’s stock after acquiring an additional 105 shares during the period. LifePlan Investment Advisors Inc.’s holdings in Tesla were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Tesla by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer’s stock worth $98,211,134,000 after buying an additional 3,571,793 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank bought a new position in shares of Tesla during the fourth quarter valued at approximately $14,420,248,000. FMR LLC increased its stake in shares of Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 4.6%

Shares of TSLA stock opened at $298.05 on Monday. The company has a market capitalization of $960.01 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 5.86 and a beta of 2.43. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company’s fifty day moving average price is $258.65 and its 200-day moving average price is $327.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the business earned $0.45 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. Cfra Research downgraded shares of Tesla from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. Piper Sandler set a $400.00 target price on shares of Tesla in a research note on Tuesday, May 6th. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, Bank of America decreased their target price on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $287.46.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $25,466,850. The trade was a 56.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,623 shares of company stock worth $114,400,501 in the last three months. Company insiders own 20.70% of the company’s stock.

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.