Tesla Inc (NASDAQ:TSLA) insider Jerome M. Guillen sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $442.43, for a total transaction of $6,636,450.00.
Following the sale, the insider now directly owns 64,357 shares in the company, valued at approximately $28,473,467.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Jerome M. Guillen also recently made the following trade(s):
On Tuesday, September 1st, Jerome M. Guillen sold 15,000 shares of Tesla stock. The shares were sold at an average price of $479.00, for a total transaction of $7,185,000.00.
Tesla stock opened at $425.68 on Tuesday. Tesla Inc has a 52-week low of $45.71 and a 52-week high of $502.49. The company has a market cap of $394.54 billion, a P/E ratio of 1,108.54, a P/E/G ratio of 15.47 and a beta of 1.63. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $413.66 and a two-hundred day simple moving average of $247.47.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.91. Tesla had a net margin of 1.43% and a return on equity of 4.19%. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the firm posted ($0.22) earnings per share. Research analysts anticipate that Tesla Inc will post 0.69 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Boltwood Capital Management acquired a new stake in Tesla during the 3rd quarter worth about $268,000. Independence Bank of Kentucky acquired a new position in shares of Tesla in the third quarter valued at about $54,000. John W. Brooker & Co. CPAs raised its stake in shares of Tesla by 400.0% in the third quarter. John W. Brooker & Co. CPAs now owns 1,535 shares of the electric vehicle producer’s stock worth $659,000 after purchasing an additional 1,228 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Tesla by 558.3% in the third quarter. State of Alaska Department of Revenue now owns 2,100 shares of the electric vehicle producer’s stock worth $900,000 after purchasing an additional 1,781 shares during the last quarter. Finally, Belmont Capital LLC lifted its holdings in shares of Tesla by 400.0% during the third quarter. Belmont Capital LLC now owns 2,035 shares of the electric vehicle producer’s stock worth $873,000 after purchasing an additional 1,628 shares during the period. Institutional investors and hedge funds own 48.22% of the company’s stock.
A number of brokerages have recently commented on TSLA. Morgan Stanley raised Tesla from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $210.00 to $272.00 in a research report on Thursday, August 13th. Daiwa Capital Markets downgraded Tesla from an “outperform” rating to a “neutral” rating in a report on Friday, July 24th. Royal Bank of Canada set a $290.00 target price on Tesla and gave the stock a “sell” rating in a research note on Tuesday. New Street Research lowered Tesla from a “buy” rating to a “neutral” rating in a research report on Thursday, July 23rd. Finally, DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Monday, August 31st. Nine investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Tesla has a consensus rating of “Hold” and a consensus target price of $205.12.
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.