Tesla Inc (NASDAQ:TSLA) SVP Andrew D. Baglino sold 4,000 shares of Tesla stock in a transaction on Monday, July 27th. The shares were sold at an average price of $1,456.18, for a total transaction of $5,824,720.00. Following the completion of the transaction, the senior vice president now owns 8,122 shares in the company, valued at $11,827,093.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NASDAQ:TSLA opened at $1,430.76 on Friday. The firm has a 50 day simple moving average of $1,259.00 and a 200-day simple moving average of $833.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.25 and a quick ratio of 0.87. The firm has a market cap of $265.22 billion, a PE ratio of 745.19, a P/E/G ratio of 25.76 and a beta of 1.19. Tesla Inc has a 1-year low of $211.00 and a 1-year high of $1,794.99.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($2.35) by $4.53. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $4.96 billion. Tesla had a net margin of 1.43% and a return on equity of 4.19%. During the same quarter in the previous year, the business posted ($1.12) earnings per share. As a group, sell-side analysts expect that Tesla Inc will post 1.65 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of TSLA. Capstone Financial Group Inc. acquired a new position in Tesla in the 2nd quarter worth $25,000. Efficient Wealth Management LLC acquired a new stake in Tesla in the first quarter valued at approximately $26,000. RPG Investment Advisory LLC acquired a new stake in Tesla in the first quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Tesla in the first quarter valued at approximately $26,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Tesla in the first quarter valued at approximately $26,000. 50.37% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on TSLA shares. Piper Sandler reaffirmed an “overweight” rating and issued a $939.00 target price on shares of Tesla in a report on Tuesday, July 14th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, April 30th. Royal Bank of Canada lifted their target price on shares of Tesla from $765.00 to $850.00 and gave the company an “underperform” rating in a report on Thursday, July 23rd. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating in a report on Thursday, July 23rd. Finally, Deutsche Bank lifted their target price on shares of Tesla from $1,000.00 to $1,500.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Tesla presently has an average rating of “Hold” and an average price target of $846.94.
Tesla Company Profile
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.
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.