Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 7,000 Shares

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, December 6th, Vaibhav Taneja sold 2,606 shares of Tesla stock. The stock was sold at an average price of $374.21, for a total value of $975,191.26.
• On Monday, December 2nd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00.
• On Monday, November 11th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00.
• 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 transaction of $2,402,960.00.
• On Friday, November 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $251.76, for a total transaction 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.

Tesla Price Performance

NASDAQ TSLA traded up $0.58 during mid-day trading on Wednesday, hitting $394.94. The stock had a trading volume of 72,821,968 shares, compared to its average volume of 87,822,344. The firm’s 50 day moving average is $370.78 and its 200 day moving average is $278.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 108.20, a PEG ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Group Ltd purchased a new position in Tesla during the fourth quarter worth approximately $275,000. Cumberland Advisors Inc. acquired a new stake in shares of Tesla in the 4th quarter worth $267,000. First Hawaiian Bank raised its holdings in shares of Tesla by 17.2% during the 4th quarter. First Hawaiian Bank now owns 10,724 shares of the electric vehicle producer’s stock worth $4,331,000 after acquiring an additional 1,573 shares during the period. Private Client Services LLC acquired a new position in shares of Tesla during the 4th quarter valued at about $206,000. Finally, Fulton Bank N.A. grew its holdings in shares of Tesla by 18.6% in the fourth quarter. Fulton Bank N.A. now owns 25,865 shares of the electric vehicle producer’s stock valued at $10,445,000 after purchasing an additional 4,059 shares during the period. 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 several research analyst reports. Barclays boosted their price target on Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their target price on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Canaccord Genuity Group upped their price objective on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Morgan Stanley raised their target price on shares of Tesla from $310.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $295.69.

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.