Tesla, Inc. (NASDAQ:TSLA) Director Robyn M. Denholm Sells 112,390 Shares

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $384.04, for a total value of $43,162,255.60. Following the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $12.70 during trading on Friday, hitting $361.62. 69,251,467 shares of the company's stock were exchanged, compared to its average volume of 67,880,264. The business's 50-day simple moving average is $408.27 and its 200 day simple moving average is $303.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a market cap of $1.16 trillion, a price-to-earnings ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. As a group, equities analysts predict that Tesla, Inc. will post 2.54 EPS for the current year.

Institutional Trading of Tesla

Several hedge funds have recently bought and sold shares of TSLA. Transcendent Capital Group LLC bought a new stake in Tesla in the 3rd quarter worth approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Tesla in the fourth quarter worth $46,000. PayPay Securities Corp raised its stake in Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer's stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Clean Yield Group grew its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Tesla in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent analyst reports. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price objective on the stock in a research report on Monday, January 6th. Truist Financial raised their price target on shares of Tesla from $351.00 to $373.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Piper Sandler upped their price objective on Tesla from $315.00 to $500.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Wedbush lifted their target price on Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Roth Mkm raised Tesla from a "neutral" rating to a "buy" rating and increased their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $322.29.

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.