Tesla Inc. (NASDAQ:TSLA) VP John Douglas Field sold 600 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Tesla Inc. (NASDAQ:TSLA) opened at $304.39 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla Inc. has a one year low of $178.19 and a one year high of $389.61.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.09) by $0.17. The firm 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 business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. equities analysts predict that Tesla Inc. will post -11.38 EPS for the current fiscal year.
Several analysts have weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $362.00 target price on shares of Tesla in a research report on Friday, November 3rd. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 price target on the stock in a research report on Thursday, November 2nd. Citigroup Inc. reissued a “hold” rating and set a $371.00 price target on shares of Tesla in a research report on Thursday, November 2nd. Deutsche Bank AG reduced their price target on shares of Tesla from $320.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $185.00 target price on shares of Tesla in a report on Thursday, November 2nd. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus target price of $330.44.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Regis Management CO LLC acquired a new stake in Tesla in the 3rd quarter valued at approximately $8,527,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Tesla by 342.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,084 shares of the electric vehicle producer’s stock worth $370,000 after acquiring an additional 839 shares during the period. ING Groep NV lifted its position in shares of Tesla by 18.0% in the 3rd quarter. ING Groep NV now owns 23,659 shares of the electric vehicle producer’s stock worth $8,070,000 after acquiring an additional 3,614 shares during the period. ProVise Management Group LLC bought a new stake in shares of Tesla in the 3rd quarter worth approximately $415,000. Finally, Turner Investments LLC bought a new position in shares of Tesla during the 3rd quarter worth approximately $481,000. 56.52% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.