Tesla, Inc. (NASDAQ:TSLA – Get Free Report) Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tesla Trading Down 3.8 %
Shares of TSLA opened at $177.81 on Wednesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market capitalization of $567.07 billion, a P/E ratio of 45.36, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $173.12 and its 200 day simple moving average is $204.32.
Hedge Funds Weigh In On Tesla
A number of large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in shares of Tesla by 11.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,845 shares of the electric vehicle producer’s stock worth $334,000 after purchasing an additional 191 shares during the period. Washington Trust Advisors Inc. lifted its position in Tesla by 25.4% during the first quarter. Washington Trust Advisors Inc. now owns 2,550 shares of the electric vehicle producer’s stock valued at $448,000 after buying an additional 517 shares in the last quarter. Tranquility Partners LLC purchased a new stake in Tesla during the first quarter worth approximately $272,000. Watershed Private Wealth LLC raised its stake in shares of Tesla by 79.3% in the 1st quarter. Watershed Private Wealth LLC now owns 8,343 shares of the electric vehicle producer’s stock valued at $1,467,000 after acquiring an additional 3,689 shares during the period. Finally, Semus Wealth Partners LLC lifted its holdings in shares of Tesla by 7.4% during the 1st quarter. Semus Wealth Partners LLC now owns 16,325 shares of the electric vehicle producer’s stock valued at $2,870,000 after acquiring an additional 1,125 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on TSLA
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.
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