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

Tesla, Inc. (NASDAQ:TSLA) SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $168.38 on Thursday. The company has a market cap of $536.25 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 3.13 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $184.80 and a 200 day simple moving average of $218.91. Tesla, Inc. has a one year low of $152.37 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MidWestOne Financial Group Inc. increased its position in Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after acquiring an additional 15 shares during the period. City State Bank increased its position in shares of Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after buying an additional 40 shares during the period. Marcum Wealth LLC increased its position in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after buying an additional 41 shares during the period. Investors Research Corp increased its position in shares of Tesla by 5.5% during the second quarter. Investors Research Corp now owns 801 shares of the electric vehicle producer’s stock worth $210,000 after buying an additional 42 shares during the period. Finally, Opal Wealth Advisors LLC increased its position in shares of Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after buying an additional 42 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. HSBC cut their price target on shares of Tesla from $143.00 to $138.00 and set a “reduce” rating on the stock in a research report on Wednesday. Barclays lowered their price objective on shares of Tesla from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Truist Financial lowered their price objective on shares of Tesla from $193.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday. Canaccord Genuity Group lowered their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Finally, TD Cowen lowered their price objective on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $202.00.

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.