Andrew D. Baglino Sells 10,500 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA) SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $242.53, for a total value of $2,546,565.00. Following the completion of the sale, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at $16,209,250.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tesla Stock Up 0.5 %

Shares of TSLA stock opened at $258.08 on Friday. The stock’s fifty day moving average price is $256.94 and its 200 day moving average price is $216.27. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $313.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.07. The company has a market cap of $819.14 billion, a price-to-earnings ratio of 73.11, a price-to-earnings-growth ratio of 3.70 and a beta of 2.07.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The company had revenue of $24.93 billion during the quarter, compared to analysts’ expectations of $24.22 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 47.2% compared to the same quarter last year. On average, research analysts expect that Tesla, Inc. will post 2.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSLA shares. StockNews.com started coverage on Tesla in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $250.00 price objective on shares of Tesla in a research note on Friday, July 21st. Robert W. Baird raised their price target on Tesla from $252.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, July 17th. UBS Group lowered Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $220.00 to $270.00 in a research note on Monday, July 24th. Finally, The Goldman Sachs Group raised their price target on Tesla from $248.00 to $275.00 and gave the stock a “neutral” rating in a research note on Monday, July 3rd. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $233.77.

Institutional Trading of Tesla

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chapin Davis Inc. lifted its holdings in shares of Tesla by 22.8% in the 2nd quarter. Chapin Davis Inc. now owns 4,974 shares of the electric vehicle producer’s stock valued at $1,302,000 after buying an additional 925 shares during the period. Myecfo LLC lifted its holdings in shares of Tesla by 36.0% in the 2nd quarter. Myecfo LLC now owns 2,469 shares of the electric vehicle producer’s stock valued at $646,000 after buying an additional 653 shares during the period. Garde Capital Inc. lifted its holdings in shares of Tesla by 0.4% in the 2nd quarter. Garde Capital Inc. now owns 14,242 shares of the electric vehicle producer’s stock valued at $3,728,000 after buying an additional 63 shares during the period. Willow Creek Wealth Management Inc. lifted its holdings in shares of Tesla by 1,953.7% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 21,379 shares of the electric vehicle producer’s stock valued at $5,596,000 after buying an additional 20,338 shares during the period. Finally, Lavaca Capital LLC acquired a new position in shares of Tesla in the 2nd quarter valued at about $262,000. Institutional investors and hedge funds own 41.87% 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. It 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, retail merchandise, and vehicle insurance services.