Tesla, Inc. (NASDAQ:TSLA) SVP Andrew D. Baglino Sells 10,500 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tesla Price Performance

Shares of NASDAQ:TSLA traded up $1.75 on Wednesday, hitting $168.38. The company's stock had a trading volume of 82,587,831 shares, compared to its average volume of 102,260,461. The company has a 50-day simple moving average of $184.80 and a 200 day simple moving average of $218.91. The company has a market capitalization of $536.26 billion, a PE ratio of 38.95, a PEG ratio of 4.06 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently made changes to their positions in the business. Synergy Financial Group LTD boosted its stake in shares of Tesla by 7.3% during the second quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer's stock valued at $1,684,000 after purchasing an additional 438 shares during the period. New Republic Capital LLC bought a new position in shares of Tesla during the second quarter valued at about $429,000. Oak Ridge Investments LLC boosted its holdings in shares of Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer's stock worth $8,065,000 after purchasing an additional 1,405 shares during the period. Charter Oak Capital Management LLC grew its stake in shares of Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer's stock worth $318,000 after purchasing an additional 104 shares during the last quarter. Finally, CWM LLC raised its position in Tesla by 14.4% during the 3rd quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer's stock valued at $36,717,000 after purchasing an additional 18,462 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group cut their price objective on Tesla from $220.00 to $190.00 and set a "neutral" rating on the stock in a research report on Monday, March 18th. Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Tuesday. KGI Securities reaffirmed a "neutral" rating and issued a $213.00 price objective (down previously from $309.00) on shares of Tesla in a research report on Thursday, January 25th. HSBC reduced their target price on shares of Tesla from $143.00 to $138.00 and set a "reduce" rating for the company in a research report on Wednesday. Finally, Edward Jones cut shares of Tesla from a "buy" rating to a "hold" rating in a report on Friday, January 26th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $202.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.