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Tesla, Inc. (NASDAQ: TSLA) shares closed during mid-day trading on Monday 8.5% after an insider sold shares in the company. The stock traded as low as $ 710.20 and last traded at $ 714.50. During mid-day trading, 36,886,363 shares were traded, a 20% increase over the average session volume of 30,738,014 shares. The stock previously closed at $ 781.30. In particular, CFO Zachary Kirkhorn sold 1,250 shares in the company in a transaction on Thursday, December 17. The shares were sold at an average price of $ 628.59 for a total value of $ 785,737.50. Following the transaction, the CFO now holds 57,507 shares in the company valued at $ 36,148,325.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In addition, director Kathleen Wilson-Thompson sold 12,500 shares in the company in a transaction on Monday, November 30th. The stock was sold at an average price of $ 592.99 for a total transaction of $ 7,412,375.00. Following the transaction, the director now owns 14,300 shares in the company valued at approximately $ 8,479,757. The disclosure for this sale can be found here. Insiders sold 131,323 shares in the company for $ 93,966,505 in the past three months. Company insiders currently hold 23.00% of the company’s shares.
TSLA has been the subject of several research reports. The Credit Suisse Group confirmed in a report on Thursday, January 28th, a « neutral » rating for Tesla shares. Zacks Investment Research upgraded Tesla from a « Hold » rating to a « Strong Buy » rating in a report on Tuesday, December 22nd, and set a price target of $ 747.00 on the stock. Edward Jones began reporting on Tesla stock on Wednesday, January 13th. They gave the company a « hold » rating. Smith Barney Citigroup raised its price target on Tesla shares in a research report on Tuesday, October 27, from USD 117.00 to USD 137.00. Finally, Jefferies Financial Group downgraded Tesla’s shares from a « buy » rating to a « hold » rating in a report on Thursday, December 10th. Twelve research analysts have given the share a sell rating, fourteen with a hold rating, six with a buy rating and one with a strong buy rating. The company currently has a consensus rating of « Hold » and an average price target of $ 338.99 (adsbygoogle = window.adsbygoogle || []). Push ({});
The company’s 50-day moving average price is $ 822.87 and the company’s 200-day moving average price is $ 554.47. The company has a market cap of $ 685.82 billion, a P / E of 1,491.67, a price / earnings ratio of 8.81, and a beta of 2.18. The company has a leverage ratio of 0.63, a fast rate of 1.32, and a current rate of 1.63.
Tesla (NASDAQ: TSLA) last released its quarterly earnings data on Wednesday, January 27th. The electric vehicle maker reported earnings per share of $ 0.80 for the quarter, beating analysts’ consensus estimate of $ 0.63 by $ 0.17. The company had revenue of $ 10.70 billion for the quarter, compared to the consensus estimate of $ 10.38 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. Tesla’s revenue increased 44.9% for the quarter year over year. For the same quarter last year, the company posted earnings of $ 0.41 per share. Analysts assume that Tesla, Inc. will achieve earnings per share of 1.02 in the current fiscal year.
Institutional investors and hedge funds recently bought and sold shares in the company. Clearview Wealth Advisors LLC acquired a new stake in Tesla shares valued at approximately $ 25,000 in the fourth quarter. Horan Securities Inc. increased its stake in Tesla shares by 140.0% in the third quarter. Horan Securities Inc. now owns 60 shares in the electric vehicle maker, valued at $ 26,000, after purchasing an additional 35 shares last quarter. Flagship Private Wealth LLC acquired a new stake in Tesla shares valued at $ 26,000 in the fourth quarter. Clear Investment Research LLC acquired a new position in Tesla for $ 26,000 in the fourth quarter. Finally, NewSquare Capital LLC increased its position in Tesla by 220.0% in the third quarter. NewSquare Capital LLC now owns 64 shares of the electric vehicle maker valued at $ 27,000 after purchasing an additional 44 shares last quarter. Institutional investors own 41.39% of the company’s shares.
Tesla, Inc designs, develops, manufactures, leases and sells electric vehicles and power generation and storage systems in the US, China, the Netherlands, 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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