Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 6,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 6,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total value of $1,776,120.00. Following the completion of the sale, the chief financial officer now owns 23,084 shares in the company, valued at $6,833,325.68. This represents a 20.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00.
• On Monday, January 6th, Vaibhav Taneja sold 7,000 shares of Tesla stock. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00.
• On Friday, December 6th, Vaibhav Taneja sold 2,606 shares of Tesla stock. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26.

Tesla Price Performance

Shares of TSLA stock opened at $279.10 on Thursday. The company has a market capitalization of $897.73 billion, a PE ratio of 136.81, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The firm has a fifty day simple moving average of $374.97 and a 200-day simple moving average of $318.13. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Tesla from $480.00 to $440.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Guggenheim reiterated a “sell” rating on shares of Tesla in a research report on Tuesday, February 25th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Monday, February 10th. Mizuho reaffirmed an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research note on Thursday, January 30th. Finally, Truist Financial raised their target price on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $315.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB lifted its position in Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock valued at $287,457,000 after purchasing an additional 29,669 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Tesla during the third quarter worth approximately $403,000. Donaldson Capital Management LLC acquired a new stake in Tesla in the 3rd quarter valued at approximately $233,000. Rational Advisors LLC boosted its position in Tesla by 128.6% during the 3rd quarter. Rational Advisors LLC now owns 3,063 shares of the electric vehicle producer’s stock worth $801,000 after acquiring an additional 1,723 shares during the period. Finally, Solitude Financial Services acquired a new position in shares of Tesla during the third quarter valued at $235,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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.