Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares in the company, valued at approximately $6,833,325.68. This trade represents a 20.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Vaibhav Taneja also recently made the following trade(s):
- 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.
- On Monday, January 6th, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00.
- On Friday, December 6th, Vaibhav Taneja sold 2,606 shares of Tesla stock. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26.
Tesla Price Performance
TSLA stock traded up $7.06 on Wednesday, hitting $279.10. 93,729,305 shares of the company's stock traded hands, compared to its average volume of 81,642,086. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $488.54. The stock has a market cap of $897.73 billion, a price-to-earnings ratio of 136.81, a P/E/G ratio of 5.86 and a beta of 2.34. The stock has a fifty day moving average of $374.97 and a 200-day moving average of $318.13. 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 (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. On average, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Analyst Ratings Changes
TSLA has been the subject of a number of recent research reports. Morgan Stanley reaffirmed a "top pick" rating and set a $430.00 price objective on shares of Tesla in a research report on Monday. Barclays boosted their price objective on shares of Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed a "mixed" rating on shares of Tesla in a research report on Saturday, February 8th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $315.33.
Read Our Latest Report on Tesla
Institutional Investors Weigh In On Tesla
Several hedge funds have recently made changes to their positions in TSLA. Swedbank AB lifted its position in shares of Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer's stock valued at $287,457,000 after acquiring an additional 29,669 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Tesla in the 3rd quarter valued at approximately $403,000. Donaldson Capital Management LLC acquired a new position in Tesla in the 3rd quarter valued at approximately $233,000. Rational Advisors LLC increased its stake in Tesla by 128.6% in the 3rd quarter. Rational Advisors LLC now owns 3,063 shares of the electric vehicle producer's stock valued at $801,000 after buying an additional 1,723 shares during the period. Finally, Solitude Financial Services acquired a new position in Tesla in the 3rd quarter valued at approximately $235,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
About Tesla
(
Get Free Report)
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.
Further Reading
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