Robyn M. Denholm sells 31,250 shares of Tesla, Inc. (NASDAQ: TSLA)
Tesla, Inc. (NASDAQ: TSLA) director Robyn M. Denholm sold 31,250 Tesla shares in a transaction dated Wednesday, September 1. The shares were sold at an average price of $ 736.72 for a total trade of $ 23,022,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Robyn M. Denholm also recently completed the following transactions:
- On Monday August 2, Robyn M. Denholm sold 31,250 Tesla shares. The shares were sold at an average price of $ 707.60, for a total trade of $ 22,112,500.00.
TSLA shares traded up $ 1.18 on Friday, reaching $ 733.57. 14,863,255 shares of the company were traded, for an average volume of 28,629,539. The company has a current ratio of 1.51, a quick ratio of 1.22 and a debt ratio of 0.31. The stock has a market cap of $ 726.25 billion, a P / E ratio of 382.07, a price / earnings-growth ratio of 5.99 and a beta of 1.97. The company has a 50-day moving average price of $ 685.71 and a 200-day moving average price of $ 668.99. Tesla, Inc. has a 12-month low of $ 329.88 and a 12-month high of $ 900.40.
Tesla (NASDAQ: TSLA) last released its results on Sunday, July 25. The electric vehicle producer reported EPS of $ 1.45 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.52 by $ 0.93. Tesla had a net margin of 5.21% and a return on equity of 9.75%. During the same period of the previous year, the company achieved earnings per share of $ 0.44. Equity research analysts predict that Tesla, Inc. will post 3.39 EPS for the current year.
Large investors have recently changed their holdings in the company. Milestone Resources Group Ltd increased its stake in Tesla by 56.0% in the second quarter. Milestone Resources Group Ltd now owns 39 shares of the electric vehicle producer valued at $ 27,000 after buying 14 more shares in the last quarter. Clean Yield Group purchased a new stake in Tesla shares during the second quarter valued at $ 31,000. Lake Point Wealth Management purchased a new equity stake in Tesla during the second quarter valued at $ 31,000. Baldrige Asset Management LLC purchased a new equity stake in Tesla during the second quarter valued at $ 33,000. Finally, Lee Financial Co increased its position in Tesla shares by 53.1% during the second quarter. Lee Financial Co now owns 49 shares of the electric vehicle producer valued at $ 33,000 after acquiring 17 more shares in the last quarter. 39.35% of the shares are held by hedge funds and other institutional investors.
Several brokerages have recently weighed on TSLA. Robert W. Baird reiterated an “outperformance” rating and set a target price of $ 657.62 (vs. $ 736.00) for Tesla shares in a research report released Tuesday, July 27. Canaccord Genuity lowered its price target on Tesla shares from $ 812.00 to $ 768.00 and established a “buy” rating on the stock in a research report on Tuesday, July 27. Oppenheimer launched coverage on Tesla shares in a research report on Friday, July 2. They issued a “buy” note on the title. Roth Capital reaffirmed a “neutral” rating on Tesla shares in a research report on Tuesday, July 27. Finally, the Goldman Sachs group reaffirmed a “buy” note and issued a price target of $ 875.00 (vs. $ 860.00) on Tesla shares in a research report released on Tuesday, July 27. Eight analysts rated the stock with a sell rating, nine assigned a conservation rating, fourteen issued a buy rating, and one issued a strong buy rating for the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $ 602.16.
Tesla Company Profile
Tesla, Inc is engaged in the design, development, manufacture and sale of fully electric vehicles, energy production and storage systems. It also provides vehicle service centers, a booster station and autonomous driving capability. The company operates in the following segments: Automotive and Power Generation and Storage.
Further reading: What is the Fibonacci sequence?
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Tesla right now?
Before you consider Tesla, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Tesla was not on the list.
While Tesla currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here