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 the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president now owns 67,600 shares of the company's stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $3.82 during mid-day trading on Monday, reaching $329.13. 82,930,941 shares of the company were exchanged, compared to its average volume of 100,768,402. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 161.34, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The company's 50-day simple moving average is $299.39 and its 200-day simple moving average is $332.88. Tesla, Inc. has a twelve month low of $177.00 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the business earned $0.45 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TSLA shares. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. The Goldman Sachs Group dropped their price objective on shares of Tesla from $295.00 to $285.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Guggenheim reissued a "sell" rating on shares of Tesla in a research report on Friday. Benchmark restated a "buy" rating and set a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $293.67.

Institutional Investors Weigh In On Tesla

Large investors have recently added to or reduced their stakes in the stock. Vista Finance LLC raised its position in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after purchasing an additional 25 shares in the last quarter. Jmac Enterprises LLC increased its stake in shares of Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares during the period. TFB Advisors LLC raised its holdings in shares of Tesla by 0.5% in the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after acquiring an additional 27 shares in the last quarter. Vista Capital Partners Inc. lifted its stake in Tesla by 1.4% in the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after acquiring an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its holdings in Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

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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