Zachary Kirkhorn Sells 150 Shares of Tesla Inc (NASDAQ:TSLA) Stock

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Tesla Inc (NASDAQ:TSLA) CFO Zachary Kirkhorn sold 150 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $352.32, for a total value of $52,848.00. Following the completion of the sale, the chief financial officer now owns 9,701 shares in the company, valued at $3,417,856.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zachary Kirkhorn also recently made the following trade(s):

  • On Thursday, October 17th, Zachary Kirkhorn sold 150 shares of Tesla stock. The shares were sold at an average price of $262.00, for a total value of $39,300.00.
  • On Tuesday, September 17th, Zachary Kirkhorn sold 150 shares of Tesla stock. The shares were sold at an average price of $242.47, for a total value of $36,370.50.

NASDAQ:TSLA traded down $7.30 during trading hours on Wednesday, reaching $352.22. The company’s stock had a trading volume of 6,717,300 shares, compared to its average volume of 9,146,814. The stock has a 50 day moving average price of $293.16 and a two-hundred day moving average price of $243.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.73 and a current ratio of 1.08. The company has a market capitalization of $63.48 billion, a P/E ratio of -61.58 and a beta of 0.58. Tesla Inc has a 12 month low of $176.99 and a 12 month high of $379.49.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $2.28. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.48 billion. During the same quarter last year, the firm earned $2.90 EPS. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts predict that Tesla Inc will post -4.85 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Tesla by 102.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,448,917 shares of the electric vehicle producer’s stock valued at $349,001,000 after purchasing an additional 733,764 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Tesla by 1,892.8% during the second quarter. SG Americas Securities LLC now owns 736,962 shares of the electric vehicle producer’s stock valued at $164,682,000 after buying an additional 699,981 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Tesla by 67.2% during the second quarter. Primecap Management Co. CA now owns 1,526,940 shares of the electric vehicle producer’s stock valued at $341,210,000 after buying an additional 613,525 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Tesla in the 2nd quarter valued at about $136,994,000. Finally, Hillhouse Capital Advisors LTD. bought a new stake in shares of Tesla in the 2nd quarter valued at about $116,329,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.

TSLA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $220.00 target price on shares of Tesla in a research note on Thursday, October 24th. Wedbush boosted their target price on shares of Tesla from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Sanford C. Bernstein set a $325.00 target price on shares of Tesla and gave the company a “hold” rating in a research note on Wednesday, August 21st. UBS Group set a $160.00 price target on shares of Tesla and gave the stock a “sell” rating in a report on Thursday, July 25th. Finally, Argus set a $396.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Friday, October 25th. Eighteen research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $263.57.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Further Reading: Dividend Aristocrat Index

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