Tesla, Inc. (NASDAQ:TSLA) Director Sells $35,254,000.00 in Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Kathleen Wilson-Thompson also recently made the following trade(s):

• On Monday, November 11th, Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $19.73 during midday trading on Friday, hitting $389.22. 80,405,602 shares of the stock traded hands, compared to its average volume of 94,699,867. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 106.64, a PEG ratio of 11.41 and a beta of 2.36. Tesla, Inc. has a one year low of $138.80 and a one year high of $389.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a 50-day moving average of $282.96 and a two-hundred day moving average of $236.89.

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

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Canandaigua National Bank & Trust Co. increased its stake in shares of Tesla by 7.4% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 1,314 shares of the electric vehicle producer's stock worth $260,000 after purchasing an additional 90 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Tesla by 8.7% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 8,205 shares of the electric vehicle producer's stock worth $1,624,000 after buying an additional 659 shares during the period. OLD National Bancorp IN lifted its position in shares of Tesla by 6.4% during the 2nd quarter. OLD National Bancorp IN now owns 15,775 shares of the electric vehicle producer's stock valued at $3,122,000 after buying an additional 945 shares in the last quarter. Atlas Private Wealth Advisors grew its stake in shares of Tesla by 94.5% during the 2nd quarter. Atlas Private Wealth Advisors now owns 12,344 shares of the electric vehicle producer's stock valued at $2,443,000 after acquiring an additional 5,996 shares during the period. Finally, Francis Financial Inc. purchased a new stake in Tesla in the 2nd quarter worth approximately $216,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. Guggenheim lifted their price objective on Tesla from $156.00 to $175.00 and gave the company a "sell" rating in a research report on Thursday. Robert W. Baird reissued an "outperform" rating and issued a $280.00 target price on shares of Tesla in a research report on Tuesday, August 20th. Morgan Stanley restated an "overweight" rating and set a $310.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Finally, Roth Mkm upgraded Tesla from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $85.00 to $380.00 in a report on Monday. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $245.84.

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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