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

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the transaction, the chief financial officer now owns 1,950 shares in the company, valued at $664,989. This trade represents a 75.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 3rd, Vaibhav Taneja sold 1,000 shares of Tesla stock. The stock was sold at an average price of $350.00, for a total value of $350,000.00.
• On Friday, May 16th, Vaibhav Taneja sold 3,000 shares of Tesla stock. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00.
• On Friday, May 9th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $300.00, for a total value of $1,200,000.00.
• On Thursday, May 1st, Vaibhav Taneja sold 4,000 shares of Tesla stock. The shares were sold at an average price of $284.40, for a total value of $1,137,600.00.
• On Monday, April 7th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00.
• On Thursday, March 6th, Vaibhav Taneja sold 2,672 shares of Tesla stock. The stock was sold at an average price of $268.73, for a total value of $718,046.56.

Tesla Stock Down 3.5%

Shares of NASDAQ:TSLA opened at $332.05 on Thursday. The business’s 50 day simple moving average is $291.12 and its two-hundred day simple moving average is $334.34. The firm has a market cap of $1.07 trillion, a P/E ratio of 162.77, a PEG ratio of 5.86 and a beta of 2.47. 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, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TSLA shares. Mizuho upped their price target on Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. TD Cowen upgraded Tesla from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $388.00 in a report on Friday, March 7th. Glj Research restated a “sell” rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Stifel Nicolaus set a $450.00 price target on Tesla and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, UBS Group decreased their price objective on Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a research report on Thursday, April 10th. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $293.97.

Institutional Trading of Tesla

A number of institutional investors have recently modified their holdings of the business. Wealth Group Ltd. bought a new position in shares of Tesla during the 4th quarter valued at $275,000. Comprehensive Financial Planning Inc. PA purchased a new position in Tesla in the fourth quarter worth about $1,361,000. Tallon Kerry Patrick purchased a new position in shares of Tesla during the fourth quarter valued at approximately $374,000. Eagle Capital Management LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $331,000. Finally, Brighton Jones LLC grew its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the period. 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.