Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Tesla, Inc. NASDAQ: TSLA. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Tesla stock on March 6th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 3/3/2025.
Tesla Stock Performance
Shares of NASDAQ TSLA traded down $5.55 during trading on Monday, hitting $258.00. The company had a trading volume of 93,699,963 shares, compared to its average volume of 93,237,740. The firm has a market capitalization of $829.87 billion, a P/E ratio of 126.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54. The stock has a 50 day simple moving average of $321.33 and a 200 day simple moving average of $323.01. 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 (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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%. As a group, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,228 shares of company stock worth $166,849,043. 20.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Guggenheim decreased their price objective on shares of Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a research report on Wednesday, March 12th. Cantor Fitzgerald upgraded Tesla from a "neutral" rating to an "overweight" rating and set a $425.00 price target on the stock in a research report on Wednesday, March 19th. Evercore ISI increased their target price on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Benchmark started coverage on Tesla in a report on Wednesday, February 12th. They issued a "buy" rating and a $475.00 price objective on the stock. Finally, Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $317.75.
Read Our Latest Report on Tesla
Institutional Trading of Tesla
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after acquiring an additional 194,796 shares during the period. United Bank purchased a new stake in Tesla in the 3rd quarter valued at approximately $287,000. Quantbot Technologies LP acquired a new position in Tesla during the 3rd quarter worth approximately $687,000. Insight Wealth Partners LLC raised its stake in shares of Tesla by 4.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 1,441 shares of the electric vehicle producer's stock worth $377,000 after buying an additional 67 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Tesla by 34.1% in the third quarter. Glenmede Trust Co. NA now owns 50,899 shares of the electric vehicle producer's stock valued at $13,317,000 after buying an additional 12,955 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Tesla Company Profile
(
Get Free Report)
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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