Tesla, Inc. (NASDAQ:TSLA) CFO Sells $946,187.50 in Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Zachary Kirkhorn sold 1,250 shares of Tesla stock in a transaction that occurred on Friday, September 17th. The stock was sold at an average price of $756.95, for a total transaction of $946,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zachary Kirkhorn also recently made the following trade(s):

  • On Tuesday, September 7th, Zachary Kirkhorn sold 2,780 shares of Tesla stock. The stock was sold at an average price of $752.90, for a total transaction of $2,093,062.00.
  • On Tuesday, August 17th, Zachary Kirkhorn sold 1,250 shares of Tesla stock. The stock was sold at an average price of $672.59, for a total transaction of $840,737.50.
  • On Monday, July 19th, Zachary Kirkhorn sold 1,250 shares of Tesla stock. The shares were sold at an average price of $629.73, for a total transaction of $787,162.50.

TSLA stock traded up $9.21 during mid-day trading on Tuesday, reaching $739.38. The company had a trading volume of 16,310,881 shares, compared to its average volume of 28,039,617. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.22. The company has a market capitalization of $732.00 billion, a PE ratio of 385.10, a price-to-earnings-growth ratio of 6.20 and a beta of 1.95. The firm has a 50 day moving average of $703.86 and a 200 day moving average of $671.42. Tesla, Inc. has a 12 month low of $351.30 and a 12 month high of $900.40.

Tesla (NASDAQ:TSLA) last issued its earnings results on Sunday, July 25th. The electric vehicle producer reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.93. The business had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.39 billion. Tesla had a net margin of 5.21% and a return on equity of 9.75%. During the same period in the prior year, the firm earned $0.44 EPS. Analysts anticipate that Tesla, Inc. will post 3.39 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake in Tesla by 1.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 144,183 shares of the electric vehicle producer’s stock worth $96,304,000 after acquiring an additional 1,394 shares in the last quarter. NZS Capital LLC purchased a new stake in Tesla during the second quarter valued at approximately $9,359,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in Tesla by 50.7% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,391 shares of the electric vehicle producer’s stock valued at $9,612,000 after acquiring an additional 4,841 shares during the last quarter. Federated Hermes Inc. lifted its position in Tesla by 61.3% during the first quarter. Federated Hermes Inc. now owns 29,728 shares of the electric vehicle producer’s stock valued at $19,857,000 after acquiring an additional 11,299 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in Tesla during the second quarter valued at approximately $7,747,000. Institutional investors and hedge funds own 40.28% of the company’s stock.

A number of equities research analysts have recently issued reports on TSLA shares. Royal Bank of Canada boosted their price objective on shares of Tesla from $718.00 to $745.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 27th. Sanford C. Bernstein boosted their price target on shares of Tesla from $180.00 to $300.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $875.00 price target (up previously from $860.00) on shares of Tesla in a research note on Tuesday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of Tesla from $155.00 to $160.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 7th. Finally, Citigroup boosted their price target on shares of Tesla from $175.00 to $209.00 and gave the stock a “sell” rating in a research note on Wednesday, July 28th. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $602.16.

Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage.

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