Tesla, Inc. (NASDAQ:TSLA) SVP Xiaotong Zhu Sells 687 Shares

Tesla, Inc. (NASDAQ:TSLAGet Free Report) SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $163.57 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $520.94 billion, a PE ratio of 37.95, a P/E/G ratio of 3.81 and a beta of 2.41. Tesla, Inc. has a twelve month low of $152.37 and a twelve month high of $299.29. The company has a 50-day moving average price of $196.08 and a two-hundred day moving average price of $226.39.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. Equities analysts forecast that Tesla, Inc. will post 2.45 EPS for the current year.

Institutional Investors Weigh In On Tesla

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. increased its holdings in Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after purchasing an additional 15 shares during the period. City State Bank increased its holdings in Tesla by 3.3% during the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock valued at $315,000 after purchasing an additional 40 shares during the period. Marcum Wealth LLC grew its holdings in shares of Tesla by 0.6% during the 3rd quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after acquiring an additional 41 shares during the period. Investors Research Corp grew its holdings in shares of Tesla by 5.5% during the 2nd quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after acquiring an additional 42 shares during the period. Finally, Opal Wealth Advisors LLC grew its holdings in shares of Tesla by 1.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after acquiring an additional 42 shares during the period. 41.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research analyst reports. Mizuho cut their target price on shares of Tesla from $310.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Barclays dropped their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Jefferies Financial Group dropped their price objective on shares of Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, January 29th. Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $245.00 to $195.00 in a research note on Tuesday, February 6th. Finally, Canaccord Genuity Group dropped their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Ten research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $213.04.

Check Out Our Latest Report on Tesla

About Tesla

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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.

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Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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