Tesla Inc (NASDAQ:TSLA) Director Antonio J. Gracias sold 16,780 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $285.46, for a total value of $4,790,018.80. Following the completion of the transaction, the director now owns 16,792 shares of the company’s stock, valued at approximately $4,793,444.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of TSLA traded up $1.00 during midday trading on Thursday, reaching $289.96. 7,069,516 shares of the stock were exchanged, compared to its average volume of 8,407,668. Tesla Inc has a 12-month low of $244.59 and a 12-month high of $387.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.83 and a quick ratio of 0.52. The company has a market capitalization of $48.94 billion, a PE ratio of -50.69, a price-to-earnings-growth ratio of 4.95 and a beta of 0.37.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.93. Tesla had a negative return on equity of 18.50% and a negative net margin of 4.55%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same period last year, the business earned ($3.04) EPS. The business’s quarterly revenue was up 119.8% on a year-over-year basis. On average, equities research analysts expect that Tesla Inc will post 1.64 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Van Leeuwen & Company LLC bought a new position in shares of Tesla in the 4th quarter valued at approximately $233,000. Norges Bank bought a new position in shares of Tesla in the 4th quarter valued at approximately $470,949,000. Actinver Wealth Management Inc. bought a new position in shares of Tesla in the 4th quarter valued at approximately $262,000. Dimensional Fund Advisors LP raised its stake in shares of Tesla by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 102,459 shares of the electric vehicle producer’s stock valued at $34,103,000 after acquiring an additional 2,076 shares in the last quarter. Finally, Equitable Trust Co. bought a new position in shares of Tesla in the 4th quarter valued at approximately $219,000. 59.03% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on TSLA shares. BidaskClub upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Saturday, November 17th. ValuEngine upgraded Tesla from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. UBS Group reiterated a “sell” rating and issued a $230.00 price target on shares of Tesla in a research report on Tuesday, November 20th. Wolfe Research increased their price target on Tesla from $410.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, December 6th. Finally, Jefferies Financial Group upgraded Tesla from a “hold” rating to a “buy” rating and increased their price target for the company from $360.00 to $450.00 in a research report on Friday, December 7th. Fifteen investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and an average price target of $327.95.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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

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