Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 4,000 Shares

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The stock was sold at an average price of $300.37, for a total value of $2,402,960.00.
• On Friday, November 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00.
• On Thursday, October 24th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00.
• On Monday, September 23rd, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00.

Tesla Stock Performance

Shares of TSLA stock opened at $320.72 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 87.49, a PEG ratio of 10.73 and a beta of 2.29. The company has a 50-day simple moving average of $250.10 and a 200 day simple moving average of $219.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. MidWestOne Financial Group Inc. boosted its position in shares of Tesla by 7.4% in the third quarter. MidWestOne Financial Group Inc. now owns 3,562 shares of the electric vehicle producer’s stock valued at $932,000 after acquiring an additional 244 shares during the period. Greenwood Gearhart Inc. boosted its holdings in Tesla by 9.2% in the 3rd quarter. Greenwood Gearhart Inc. now owns 38,306 shares of the electric vehicle producer’s stock valued at $10,022,000 after purchasing an additional 3,216 shares during the period. Frisch Financial Group Inc. increased its holdings in shares of Tesla by 5.6% during the third quarter. Frisch Financial Group Inc. now owns 2,895 shares of the electric vehicle producer’s stock worth $757,000 after purchasing an additional 154 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Tesla by 18.0% in the third quarter. Prestige Wealth Management Group LLC now owns 5,267 shares of the electric vehicle producer’s stock valued at $1,378,000 after buying an additional 803 shares in the last quarter. Finally, Brophy Wealth Management LLC acquired a new stake in Tesla during the third quarter worth approximately $1,126,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $295.00 price target on shares of Tesla in a research note on Tuesday, September 10th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada increased their target price on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $230.18.

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.