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

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at $41,745,581.15. The trade was a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 6th, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00.
• 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 transaction 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 transaction 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 value of $2,402,960.00.

Tesla Trading Down 1.0 %

NASDAQ TSLA opened at $374.32 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The firm has a market cap of $1.20 trillion, a PE ratio of 183.49, a P/E/G ratio of 6.79 and a beta of 2.34. The firm’s fifty day moving average is $407.11 and its two-hundred day moving average is $302.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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%. Analysts expect that Tesla, Inc. will post 2.82 earnings per share for the current year.

Institutional Trading of Tesla

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Barn Wealth LLC lifted its position in Tesla by 2.0% in the fourth quarter. Blue Barn Wealth LLC now owns 1,892 shares of the electric vehicle producer’s stock valued at $764,000 after purchasing an additional 37 shares during the period. Opulen Financial Group LLC purchased a new position in shares of Tesla during the 4th quarter worth approximately $394,000. Ethos Financial Group LLC boosted its stake in shares of Tesla by 331.3% in the fourth quarter. Ethos Financial Group LLC now owns 4,986 shares of the electric vehicle producer’s stock valued at $2,014,000 after buying an additional 3,830 shares in the last quarter. Lindbrook Capital LLC grew its position in Tesla by 5.3% during the fourth quarter. Lindbrook Capital LLC now owns 15,839 shares of the electric vehicle producer’s stock worth $6,396,000 after buying an additional 793 shares during the period. Finally, Carmel Capital Partners LLC increased its holdings in Tesla by 3.1% in the fourth quarter. Carmel Capital Partners LLC now owns 11,075 shares of the electric vehicle producer’s stock valued at $4,473,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of Tesla from $250.00 to $345.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Cantor Fitzgerald reissued a “neutral” rating and issued a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target for the company in a research report on Monday, January 6th. Finally, StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $322.29.

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.