Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Vaibhav Taneja also recently made the following trade(s):
Shares of TSLA stock traded up $0.57 during mid-day trading on Monday, reaching $389.79. The stock had a trading volume of 95,867,016 shares, compared to its average volume of 94,709,227. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $404.80. The firm has a market capitalization of $1.25 trillion, a PE ratio of 106.79, a price-to-earnings-growth ratio of 12.64 and a beta of 2.36. The stock's 50-day moving average price is $288.09 and its two-hundred day moving average price is $240.67.
Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of TSLA. Connable Office Inc. raised its position in Tesla by 0.3% in the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock worth $3,368,000 after acquiring an additional 38 shares in the last quarter. Community Bank N.A. lifted its holdings in Tesla by 4.4% in the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock worth $238,000 after purchasing an additional 38 shares during the period. Holistic Financial Partners lifted its stake in Tesla by 1.0% during the third quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock valued at $1,061,000 after buying an additional 40 shares in the last quarter. Integris Wealth Management LLC grew its position in Tesla by 1.0% during the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock worth $804,000 after purchasing an additional 42 shares in the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc boosted its stake in shares of Tesla by 1.4% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock worth $800,000 after acquiring an additional 43 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Tesla from $236.00 to $238.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Barclays lifted their price target on shares of Tesla from $220.00 to $235.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Glj Research reissued a "sell" rating and set a $24.86 target price on shares of Tesla in a research report on Thursday, October 17th. Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $248.12.
Check Out Our Latest Stock Analysis on TSLA
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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