Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at approximately $24,274,300. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Tesla Stock Down 2.4 %
Tesla stock traded down $6.95 during midday trading on Monday, reaching $280.26. The company's stock had a trading volume of 94,292,405 shares, compared to its average volume of 95,855,513. The company has a market cap of $902.71 billion, a P/E ratio of 137.38, a P/E/G ratio of 5.86 and a beta of 2.43. 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 business has a 50-day simple moving average of $258.60 and a 200-day simple moving average of $326.33. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period last year, the business posted $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
TSLA has been the topic of several recent analyst reports. HSBC decreased their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a report on Thursday, March 27th. New Street Research upgraded Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a report on Monday, January 6th. Raymond James cut Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Cowen raised 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, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $287.46.
Check Out Our Latest Analysis on Tesla
Institutional Trading of Tesla
Institutional investors have recently modified their holdings of the stock. Hengehold Capital Management LLC boosted its stake in Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares in the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Tesla by 0.3% in the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after purchasing an additional 24 shares during the last quarter. Acropolis Investment Management LLC boosted its position in shares of Tesla by 0.9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD increased its position in Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after buying an additional 25 shares during the period. Finally, Vista Finance LLC increased its position in Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.
About Tesla
(
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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