Vaibhav Taneja Sells 4,453 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA) CAO Vaibhav Taneja sold 4,453 shares of Tesla stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $696.57, for a total transaction of $3,101,826.21. Following the completion of the transaction, the chief accounting officer now directly owns 18,229 shares of the company’s stock, valued at approximately $12,697,774.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Vaibhav Taneja also recently made the following trade(s):

  • On Monday, March 8th, Vaibhav Taneja sold 1,844 shares of Tesla stock. The shares were sold at an average price of $595.08, for a total transaction of $1,097,327.52.

Shares of Tesla stock opened at $670.97 on Thursday. The stock has a market cap of $644.03 billion, a price-to-earnings ratio of 1,347.33, a P/E/G ratio of 8.81 and a beta of 2.18. Tesla, Inc. has a twelve month low of $106.67 and a twelve month high of $900.40. The company’s fifty day moving average is $677.13 and its 200 day moving average is $621.74. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.63.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 27th. The electric vehicle producer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.17. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue was up 44.9% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 1.02 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on TSLA shares. FIX raised Tesla to a “buy” rating in a research report on Tuesday, March 9th. Morgan Stanley restated a “buy” rating on shares of Tesla in a research note on Tuesday. Royal Bank of Canada raised Tesla from an “underperform” rating to a “sector perform” rating in a report on Thursday, January 7th. The Goldman Sachs Group cut shares of Tesla from a “neutral” rating to a “sell” rating in a research report on Tuesday, February 2nd. Finally, Edward Jones started coverage on shares of Tesla in a report on Wednesday, January 13th. They issued a “hold” rating on the stock. Twelve research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and an average price target of $368.54.

Several hedge funds and other institutional investors have recently modified their holdings of TSLA. Northern Trust Corp raised its stake in Tesla by 64.1% during the fourth quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock worth $5,712,005,000 after buying an additional 3,160,909 shares during the last quarter. Norges Bank acquired a new stake in shares of Tesla during the 4th quarter worth approximately $5,497,219,000. Price T Rowe Associates Inc. MD grew its holdings in Tesla by 57.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock worth $2,450,790,000 after purchasing an additional 1,263,228 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Tesla by 61.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock valued at $2,388,575,000 after purchasing an additional 1,288,796 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,251,744 shares of the electric vehicle producer’s stock worth $2,294,658,000 after acquiring an additional 278,330 shares in the last quarter. Hedge funds and other institutional investors own 41.39% of the company’s stock.

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.

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