Intrepid Financial Planning Group LLC Has $466,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Intrepid Financial Planning Group LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153 shares of the electric vehicle producer’s stock after selling 69 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Tesla were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Tesla during the third quarter worth $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla during the fourth quarter valued at about $46,000. Parkworth Wealth Management Inc. bought a new position in shares of Tesla during the fourth quarter valued at about $47,000. PayPay Securities Corp lifted its position in shares of Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Tesla during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 477,228 shares of company stock valued at $166,849,043. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $404.00 price target on shares of Tesla in a research report on Tuesday, March 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, February 10th. Benchmark began coverage on shares of Tesla in a research report on Wednesday, February 12th. They issued a “buy” rating and a $475.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Finally, Glj Research reaffirmed a “buy” rating on shares of Tesla in a research report on Tuesday, March 11th. Nine investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $325.65.

Tesla Trading Up 3.9 %

Tesla stock opened at $249.98 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The firm has a 50 day moving average of $351.31 and a 200 day moving average of $319.51. The firm has a market capitalization of $804.06 billion, a price-to-earnings ratio of 122.54, a P/E/G ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share 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.