Insider Selling: Tesla, Inc. (NASDAQ:TSLA) SVP Sells 15,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president now owns 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Tesla Price Performance

Shares of TSLA stock traded up $5.70 on Thursday, reaching $322.05. The company had a trading volume of 94,677,402 shares, compared to its average volume of 100,787,054. The business's 50-day moving average is $303.42 and its 200 day moving average is $332.59. Tesla, Inc. has a one year low of $179.66 and a one year high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.04 trillion, a PE ratio of 176.95, a price-to-earnings-growth ratio of 11.88 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $56,600,000. Focus Financial Network Inc. grew its holdings in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after acquiring an additional 670 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its position in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after acquiring an additional 1,629 shares during the period. Harvard Management Co. Inc. bought a new position in shares of Tesla during the fourth quarter valued at $8,158,000. Finally, Blackston Financial Advisory Group LLC lifted its holdings in shares of Tesla by 40.4% during the first quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock worth $788,000 after purchasing an additional 874 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $320.00 target price on shares of Tesla in a report on Monday, June 9th. Raymond James Financial cut Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Mizuho lifted their price target on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, BNP Paribas set a $137.00 target price on shares of Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $293.67.

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.