Tesla, Inc. (NASDAQ:TSLA) Director Kathleen Wilson-Thompson Sells 100,000 Shares

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,868,508. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tesla Stock Up 0.5 %

Shares of NASDAQ TSLA traded up $1.75 during trading hours on Wednesday, hitting $330.24. The stock had a trading volume of 124,665,637 shares, compared to its average volume of 95,829,703. The company has a market capitalization of $1.06 trillion, a P/E ratio of 88.91, a P/E/G ratio of 10.67 and a beta of 2.29. The firm's 50-day moving average price is $246.26 and its two-hundred day moving average price is $218.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Tesla's quarterly revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank & Trust Co bought a new stake in shares of Tesla in the second quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Tesla in the second quarter valued at approximately $26,000. Abich Financial Wealth Management LLC lifted its position in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the third quarter valued at approximately $29,000. Finally, Clean Yield Group raised its position in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com raised Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their target price on Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. New Street Research lowered shares of Tesla from a "buy" rating to a "neutral" rating and set a $225.00 price target on the stock. in a research note on Wednesday, July 24th. Argus reissued a "buy" rating and issued a $286.00 price objective on shares of Tesla in a research note on Friday, July 26th. Finally, The Goldman Sachs Group increased their target price on shares of Tesla from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $225.06.

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.

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