Tesla Inc. (NASDAQ:TSLA) VP John Douglas Field sold 600 shares of Tesla stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the transaction, the vice president now directly owns 21,424 shares in the company, valued at $6,461,478.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Tesla Inc. (NASDAQ TSLA) opened at $311.30 on Thursday. Tesla Inc. has a 12-month low of $180.00 and a 12-month high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. analysts anticipate that Tesla Inc. will post -11.38 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of Tesla in the 3rd quarter worth approximately $100,000. Pittenger & Anderson Inc. boosted its stake in shares of Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after buying an additional 50 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in shares of Tesla in the 3rd quarter worth approximately $106,000. Winfield Associates Inc. boosted its stake in shares of Tesla by 85.2% in the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after buying an additional 150 shares during the last quarter. Finally, Acropolis Investment Management LLC purchased a new position in shares of Tesla in the 2nd quarter worth approximately $122,000. Hedge funds and other institutional investors own 56.36% of the company’s stock.
TSLA has been the topic of a number of recent analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $411.00 price objective on shares of Tesla in a research note on Monday, September 18th. Jefferies Group LLC started coverage on Tesla in a research report on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price target on the stock. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price target on the stock in a research note on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $200.00 price objective (up previously from $180.00) on shares of Tesla in a research note on Wednesday, August 9th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Tesla has an average rating of “Hold” and a consensus target price of $330.28.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.