Tesla, Inc. (NASDAQ:TSLA) SVP Xiaotong Zhu Sells 650 Shares of Stock

Tesla, Inc. (NASDAQ:TSLAGet Free Report) SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tesla Stock Down 0.3 %

Shares of Tesla stock opened at $177.48 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The stock has a market capitalization of $566.02 billion, a P/E ratio of 45.28, a PEG ratio of 4.41 and a beta of 2.32. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $172.18 and a two-hundred day moving average price of $197.76.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. Equities analysts expect that Tesla, Inc. will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently modified their holdings of TSLA. Wyrmwood Management LLC acquired a new position in Tesla in the 4th quarter valued at approximately $25,000. Lam Group Inc. bought a new position in Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC boosted its stake in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the 4th quarter worth about $37,000. Finally, Kathleen S. Wright Associates Inc. boosted its position in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSLA has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research report on Monday, April 22nd. Evercore ISI decreased their price target on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. HSBC dropped their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Finally, Wedbush restated an “outperform” rating and issued a $275.00 price target on shares of Tesla in a research report on Monday, April 29th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.90.

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Tesla Company Profile

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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.

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