Tesla, Inc. (NASDAQ:TSLA) Director James R. Murdoch Sells 54,776 Shares

Tesla, Inc. (NASDAQ:TSLA) Director James R. Murdoch sold 54,776 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $249.98 on Friday. The firm has a market capitalization of $804.06 billion, a PE ratio of 122.54, a P/E/G ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business has a 50-day moving average of $351.31 and a two-hundred day moving average of $318.74. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus decreased their target price on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Canaccord Genuity Group restated a “buy” rating and issued a $404.00 price objective on shares of Tesla in a research report on Tuesday. Finally, Cowen upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $325.65.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tableaux LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $681,000. Keystone Financial Services LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $246,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Tesla in the fourth quarter worth about $379,613,000. PKO Investment Management Joint Stock Co purchased a new position in Tesla in the fourth quarter valued at about $10,823,000. Finally, Centaurus Financial Inc. boosted its holdings in Tesla by 100.1% in the fourth quarter. Centaurus Financial Inc. now owns 53,332 shares of the electric vehicle producer’s stock valued at $21,538,000 after purchasing an additional 26,682 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

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.