Insider Selling: Tesla, Inc. (NASDAQ:TSLA) Director Sells 112,390 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tesla Stock Performance

NASDAQ TSLA traded down $0.78 on Friday, reaching $262.67. The stock had a trading volume of 102,166,241 shares, compared to its average volume of 82,497,328. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The business's 50-day moving average price is $367.78 and its 200 day moving average price is $318.03. The stock has a market cap of $844.88 billion, a P/E ratio of 128.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 return on equity of 10.31% and a net margin of 7.26%. As a group, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TSLA shares. Roth Capital raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Wells Fargo & Company raised their price target on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, January 30th. Robert W. Baird reduced their price target on shares of Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research report on Thursday. UBS Group reissued a "neutral" rating on shares of Tesla in a research report on Tuesday. Finally, Truist Financial raised their price target on shares of Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $327.37.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aegis Wealth Management LLC purchased a new position in Tesla in the fourth quarter worth $252,000. Alpha Wealth Funds LLC acquired a new stake in shares of Tesla during the fourth quarter valued at $1,291,000. Copia Wealth Management acquired a new stake in Tesla in the 4th quarter worth about $571,000. IronOak Wealth LLC. acquired a new stake in Tesla in the 4th quarter worth about $3,832,000. Finally, Arcadia Wealth Management Inc. purchased a new position in shares of Tesla in the 4th quarter worth about $683,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

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.