Tesla (NASDAQ:TSLA) Trading Down 3.3% on Insider Selling

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price fell 3.3% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $363.18 and last traded at $365.71. 34,514,329 shares were traded during mid-day trading, a decline of 53% from the average session volume of 72,884,664 shares. The stock had previously closed at $378.17.

Specifically, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $383.11, for a total value of $2,681,770.00. Following the completion of the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

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Analyst Upgrades and Downgrades

Several research firms recently commented on TSLA. Barclays upped their target price on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. Robert W. Baird cut their price objective on shares of Tesla from $480.00 to $440.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $440.00 price target on shares of Tesla in a research report on Thursday, January 30th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $322.29.

Tesla Stock Down 3.4 %

The firm has a 50-day moving average of $408.27 and a two-hundred day moving average of $303.93. The firm has a market cap of $1.16 trillion, a price-to-earnings ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34. 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 announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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, sell-side analysts predict that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSLA. Geode Capital Management LLC raised its position in Tesla by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock worth $15,469,792,000 after purchasing an additional 1,022,589 shares during the last quarter. FMR LLC raised its position in shares of Tesla by 3.5% during the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock worth $6,473,008,000 after acquiring an additional 828,308 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after acquiring an additional 2,946,763 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Tesla by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer's stock worth $6,996,871,000 after purchasing an additional 780,026 shares during the period. Finally, Amundi lifted its position in Tesla by 1.2% during the 4th quarter. Amundi now owns 12,957,272 shares of the electric vehicle producer's stock valued at $5,117,345,000 after purchasing an additional 159,508 shares during the period. 66.20% of the stock is owned by institutional investors.

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.