Tesla, Inc. (NASDAQ:TSLA) Director Kimbal Musk sold 1,875 shares of the company’s stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $300.00, for a total transaction of $562,500.00. Following the transaction, the director now owns 150,208 shares in the company, valued at approximately $45,062,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Tesla stock traded down $9.64 during midday trading on Monday, hitting $289.66. The stock had a trading volume of 10,240,969 shares, compared to its average volume of 7,290,506. The firm has a market capitalization of $50,557.73, a price-to-earnings ratio of -25.23 and a beta of 1.19. Tesla, Inc. has a 52-week low of $244.59 and a 52-week high of $389.61. The company has a current ratio of 0.86, a quick ratio of 0.56 and a debt-to-equity ratio of 1.80.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 33.08%. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.69) EPS. analysts predict that Tesla, Inc. will post -15.15 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in TSLA. Schroder Investment Management Group grew its holdings in Tesla by 24.1% during the 3rd quarter. Schroder Investment Management Group now owns 1,535 shares of the electric vehicle producer’s stock valued at $521,000 after buying an additional 298 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tesla by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 102,250 shares of the electric vehicle producer’s stock valued at $34,876,000 after buying an additional 1,938 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Tesla during the 3rd quarter valued at approximately $12,791,000. Chevy Chase Trust Holdings Inc. grew its holdings in Tesla by 27.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 1,584 shares of the electric vehicle producer’s stock valued at $541,000 after buying an additional 340 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Tesla by 6.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 17,584 shares of the electric vehicle producer’s stock valued at $5,997,000 after buying an additional 1,138 shares in the last quarter. 58.19% of the stock is owned by institutional investors.
Several equities analysts have issued reports on TSLA shares. Vetr cut shares of Tesla from a “sell” rating to a “strong sell” rating and set a $283.06 target price on the stock. in a research note on Monday, December 11th. Citigroup started coverage on shares of Tesla in a research note on Tuesday, February 13th. They set a “buy” rating and a $425.00 target price on the stock. BidaskClub upgraded shares of Tesla from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. UBS upped their target price on shares of Tesla to $365.00 and gave the company a “hold” rating in a research note on Thursday, February 8th. Finally, ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Thirteen investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $313.57.
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Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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