Insider Selling: Antonio J. Gracias Sells 20,000 Shares of Tesla Motors Stock (TSLA)
Tesla Motors (NASDAQ:TSLA) Director Antonio J. Gracias sold 20,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $210.08, for a total transaction of $4,201,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Tesla Motors in a research note on Wednesday, May 28th. They now have a $320.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Tesla Motors from $164.00 to $163.00 in a research note on Friday, May 9th. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Tesla Motors in a research note on Thursday, May 8th. They now have a $200.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $223.06.
Shares of Tesla Motors (NASDAQ:TSLA) traded down 1.48% on Monday, hitting $204.70. 4,668,115 shares of the company’s stock traded hands. Tesla Motors has a 1-year low of $88.25 and a 1-year high of $265.00. The stock has a 50-day moving average of $201.2 and a 200-day moving average of $185.9. The company’s market cap is $25.401 billion. Tesla Motors also saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 25,122,795 shares, a drop of 6.1% from the April 30th total of 26,749,068 shares. Approximately 29.3% of the company’s stock are short sold. Based on an average trading volume of 7,692,605 shares, the short-interest ratio is currently 3.3 days.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. The company had revenue of $713.00 million for the quarter, compared to the consensus estimate of $699.10 million. During the same quarter last year, the company posted $0.12 earnings per share. Tesla Motors’s revenue was up 26.9% compared to the same quarter last year. Analysts expect that Tesla Motors will post $1.19 EPS for the current fiscal year.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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