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

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 7,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction 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 value of $2,481,010.00.
• On Monday, November 11th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00.
• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $300.37, for a total value of $2,402,960.00.

Tesla Trading Down 1.0 %

Shares of 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 stock has a 50-day moving average price of $407.11 and a 200 day moving average price of $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. The company has a market capitalization of $1.20 trillion, a P/E ratio of 183.49, a P/E/G ratio of 6.79 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Sell-side analysts forecast that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently modified their holdings of TSLA. Geode Capital Management LLC increased its holdings in shares of Tesla by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer’s stock valued at $15,469,792,000 after acquiring an additional 1,022,589 shares during the last quarter. FMR LLC boosted its holdings in Tesla by 3.5% in the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer’s stock worth $6,473,008,000 after purchasing an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Tesla by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer’s stock worth $6,377,970,000 after purchasing an additional 2,946,763 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Tesla by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,325,850 shares of the electric vehicle producer’s stock worth $6,996,871,000 after buying an additional 780,026 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer’s stock valued at $3,192,203,000 after buying an additional 1,294,093 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TSLA shares. Piper Sandler upped their target price on shares of Tesla from $315.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Stifel Nicolaus upped their price objective on shares of Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Glj Research reaffirmed a “sell” rating and issued a $24.86 target price on shares of Tesla in a research note on Friday, January 3rd. 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $440.00 target price on shares of Tesla in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus 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.