Vaibhav Taneja Sells 4,000 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at $6,737,500. This trade represents a 12.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vaibhav Taneja also recently made the following trade(s):

• On Thursday, March 6th, Vaibhav Taneja sold 2,672 shares of Tesla stock. The shares were sold at an average price of $268.73, for a total value of $718,046.56.
• On Monday, March 3rd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00.
• On Monday, February 3rd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00.

Tesla Stock Down 0.2 %

Shares of NASDAQ TSLA traded down $0.44 during mid-day trading on Friday, reaching $251.96. The company had a trading volume of 128,603,814 shares, compared to its average volume of 96,002,699. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The stock has a market cap of $810.42 billion, a P/E ratio of 123.51, a PEG ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $285.19 and a two-hundred day simple moving average of $323.57.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Hedge Funds Weigh In On Tesla

A number of institutional investors have recently modified their holdings of TSLA. True Wealth Design LLC boosted its stake in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares during the period. Horrell Capital Management Inc. raised its stake in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. lifted its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the fourth quarter worth approximately $38,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TSLA. Stifel Nicolaus decreased their target price on shares of Tesla from $474.00 to $455.00 and set a "buy" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group lowered their price objective on Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Tesla from $135.00 to $120.00 and set an "underweight" rating for the company in a report on Wednesday, March 12th. Finally, Evercore ISI boosted their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $298.59.

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.