Kathleen Wilson-Thompson Sells 25,731 Shares of Tesla (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLAGet Free Report) Director Kathleen Wilson-Thompson sold 25,731 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the completion of the transaction, the director directly owned 19,669 shares in the company, valued at $8,173,649.64. The trade was a 56.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tesla Stock Down 1.5%

Shares of NASDAQ:TSLA opened at $402.51 on Friday. The firm has a fifty day moving average of $433.46 and a 200 day moving average of $420.98. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The firm has a market capitalization of $1.51 trillion, a PE ratio of 372.69, a price-to-earnings-growth ratio of 14.33 and a beta of 1.86.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen increased their target price on shares of Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a report on Thursday, January 29th. UBS Group raised their price objective on Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Tesla from $500.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, CICC Research boosted their price objective on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $408.09.

View Our Latest Analysis on TSLA

More Tesla News

Here are the key news stories impacting Tesla this week:

Hedge Funds Weigh In On Tesla

Several hedge funds have recently made changes to their positions in TSLA. Vanguard Group Inc. boosted its stake in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. State Street Corp boosted its position in Tesla by 0.9% during the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after acquiring an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares during the period. Capital World Investors grew its holdings in shares of Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares during the period. Finally, Norges Bank purchased a new position in shares of Tesla in the 4th quarter valued at approximately $17,128,100,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

About Tesla

(Get Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Read More

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

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.