Tesla, Inc. (NASDAQ:TSLA) Director Kimbal Musk Sells 75,000 Shares

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $19.43 during trading on Thursday, reaching $355.94. The company had a trading volume of 88,948,549 shares, compared to its average volume of 77,848,961. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business's 50 day moving average price is $407.25 and its 200-day moving average price is $306.44. The stock has a market cap of $1.14 trillion, a PE ratio of 174.48, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Analysts expect that Tesla, Inc. will post 2.54 earnings per share for the current year.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new stake in Tesla in the third quarter valued at approximately $29,000. Horrell Capital Management Inc. increased its position in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in Tesla during the 3rd quarter worth $35,000. GS Investments Inc. grew its stake in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the fourth quarter worth about $38,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSLA shares. The Goldman Sachs Group raised their price objective on shares of Tesla from $250.00 to $345.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 11th. Benchmark initiated coverage on shares of Tesla in a research report on Wednesday. They issued a "buy" rating and a $475.00 price target on the stock. Piper Sandler upped their price objective on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $365.00 price target on shares of Tesla in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Tesla presently has an average rating of "Hold" and an average price target of $326.50.

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.