Insider Selling: Tesla, Inc. (NASDAQ:TSLA) Director Sells 100,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kathleen Wilson-Thompson also recently made the following trade(s):

• On Wednesday, December 4th, Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock. The shares were sold at an average price of $352.54, for a total transaction of $35,254,000.00.
• On Monday, November 11th, Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00.

Tesla Price Performance

TSLA stock traded up $0.58 on Wednesday, reaching $394.94. The company had a trading volume of 72,821,968 shares, compared to its average volume of 87,822,344. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The company’s fifty day moving average is $368.03 and its 200 day moving average is $277.49. The company has a market cap of $1.27 trillion, a P/E ratio of 108.20, a PEG ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54.

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, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Glj Research reiterated a “sell” rating and set a $24.86 target price on shares of Tesla in a research report on Friday, January 3rd. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. UBS Group raised their target price on shares of Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a research report on Monday, November 25th. KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target for the company in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group lifted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $295.69.

Institutional Investors Weigh In On Tesla

Hedge funds and other institutional investors have recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in Tesla in the 2nd quarter valued at $26,000. Abich Financial Wealth Management LLC increased its stake in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Tesla in the 3rd quarter worth about $29,000. Clean Yield Group grew its holdings in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in shares of Tesla during the 3rd quarter valued at about $35,000. 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.