Insider Selling: Tesla, Inc. (NASDAQ:TSLA) Director Sells 75,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Kimbal Musk sold 75,000 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tesla Price Performance

Shares of TSLA stock traded down $0.10 during trading hours on Friday, hitting $355.84. 68,000,576 shares of the company's stock were exchanged, compared to its average volume of 77,538,172. The company has a market capitalization of $1.14 trillion, a PE ratio of 174.43, a PEG ratio of 6.22 and a beta of 2.34. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $488.54. The business's 50 day simple moving average is $406.98 and its 200-day simple moving average is $306.79. 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 issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSLA. Phillip Securities downgraded shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Piper Sandler raised their target price on shares of Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Wedbush raised their target price on shares of Tesla from $515.00 to $550.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America downgraded shares of Tesla from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $400.00 to $490.00 in a research report on Tuesday, January 7th. Finally, Evercore ISI lifted their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $326.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC bought a new stake in shares of Tesla during the 3rd quarter valued at $29,000. Horrell Capital Management Inc. boosted its holdings in shares of Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Tesla in the 3rd quarter worth about $35,000. GS Investments Inc. boosted its stake in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Finally, Navigoe LLC bought a new position in Tesla in the 4th quarter worth about $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.