Tesla Inc (TSLA) Director Kimbal Musk Sells 4,065 Shares of Stock
Tesla Inc (NASDAQ:TSLA) Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the transaction, the director now owns 154,589 shares in the company, valued at $48,244,135.12. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kimbal Musk also recently made the following trade(s):
- On Wednesday, November 1st, Kimbal Musk sold 2,190 shares of Tesla stock. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10.
Shares of Tesla Inc (NASDAQ:TSLA) traded up $0.14 during midday trading on Friday, hitting $314.76. 2,143,226 shares of the company were exchanged, compared to its average volume of 6,273,100. Tesla Inc has a fifty-two week low of $221.95 and a fifty-two week high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $52,650.00, a PE ratio of -36.77 and a beta of 0.94.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. analysts expect that Tesla Inc will post -11.38 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Atlantic Trust Group LLC acquired a new stake in Tesla during the 3rd quarter worth about $3,083,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Tesla by 2.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 104,828 shares of the electric vehicle producer’s stock valued at $35,757,000 after buying an additional 2,910 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at about $447,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Tesla by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,062 shares of the electric vehicle producer’s stock valued at $30,720,000 after buying an additional 1,812 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC acquired a new stake in Tesla in the 3rd quarter worth approximately $1,302,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on TSLA. Jefferies Group began coverage on shares of Tesla in a report on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Robert W. Baird restated an “outperform” rating and issued a $411.00 target price on shares of Tesla in a report on Monday, September 18th. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price objective on the stock in a report on Wednesday, September 20th. Finally, Barclays reiterated an “underweight” rating and set a $210.00 price objective (up from $165.00) on shares of Tesla in a report on Wednesday, September 13th. Twelve investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Tesla currently has an average rating of “Hold” and an average target price of $329.47.
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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.
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