Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 4,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This represents a 12.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vaibhav Taneja also recently made the following trade(s):

• On Thursday, March 6th, Vaibhav Taneja sold 2,672 shares of Tesla stock. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56.
• On Monday, March 3rd, Vaibhav Taneja sold 6,000 shares of Tesla stock. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00.
• On Monday, February 3rd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $383.11, for a total transaction of $2,681,770.00.

Tesla Stock Performance

NASDAQ:TSLA opened at $272.20 on Thursday. The company has a market cap of $875.54 billion, a P/E ratio of 133.43, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s 50-day moving average price is $290.62 and its 200-day moving average price is $323.14.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer’s stock worth $98,211,134,000 after buying an additional 3,571,793 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Tesla by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank purchased a new position in shares of Tesla during the 4th quarter worth about $14,420,248,000. FMR LLC lifted its holdings in shares of Tesla by 40.1% during the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. Finally, Northern Trust Corp increased its position in Tesla by 21.6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Wedbush lowered their target price on shares of Tesla from $550.00 to $315.00 and set an “outperform” rating on the stock in a research note on Monday. Guggenheim reduced their target price on shares of Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $425.00 target price on shares of Tesla in a report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on shares of Tesla from $320.00 to $275.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $420.00 to $345.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $301.40.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.