Key Points
- CFO Vaibhav Taneja sold 2,637 shares on Dec. 8 at an average of $443.93 for a total of $1,170,643.41, reducing his ownership by 16.09% to 13,757 shares (valued at about $6.11M).
- Tesla's most recent quarter (reported Oct. 23) beat estimates with $0.50 EPS vs. $0.48 and revenue of $28.10B (vs. $24.98B), a 11.6% year-over-year revenue increase.
- The stock trades near $445 with a market cap of roughly $1.48T and a P/E around 297, while analysts' consensus is a Hold with an average price target of $399.33.
Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares of the company's stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tesla Stock Up 1.3%
TSLA opened at $445.18 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a market capitalization of $1.48 trillion, a PE ratio of 296.79, a P/E/G ratio of 14.85 and a beta of 1.87. The stock's fifty day moving average is $434.87 and its 200-day moving average is $374.32. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54.
Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the company earned $0.72 earnings per share. Tesla's revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Institutional Investors Weigh In On Tesla
A number of institutional investors have recently bought and sold shares of TSLA. Painted Porch Advisors LLC grew its stake in Tesla by 80.4% during the 3rd quarter. Painted Porch Advisors LLC now owns 956 shares of the electric vehicle producer's stock valued at $425,000 after acquiring an additional 426 shares in the last quarter. MRP Capital Investments LLC boosted its holdings in shares of Tesla by 2.2% during the third quarter. MRP Capital Investments LLC now owns 5,638 shares of the electric vehicle producer's stock worth $2,507,000 after purchasing an additional 120 shares during the period. IFP Advisors Inc grew its position in Tesla by 4.3% during the third quarter. IFP Advisors Inc now owns 22,630 shares of the electric vehicle producer's stock valued at $10,065,000 after purchasing an additional 926 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Tesla by 7.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 862,544 shares of the electric vehicle producer's stock valued at $383,591,000 after buying an additional 56,565 shares during the period. Finally, Steadtrust LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at $592,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TSLA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. HSBC reaffirmed a "reduce" rating on shares of Tesla in a report on Monday, November 17th. Baird R W raised Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Barclays reaffirmed a "neutral" rating and set a $350.00 target price on shares of Tesla in a report on Monday, December 1st. Finally, Cowen reissued a "buy" rating on shares of Tesla in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $399.33.
Get Our Latest Analysis on Tesla
About Tesla
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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.
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