Insider Selling: Tesla Inc (TSLA) VP Sells 1,229 Shares of Stock

Tesla Inc (NASDAQ:TSLA) VP Eric Branderiz sold 1,229 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $312.61, for a total value of $384,197.69. Following the completion of the sale, the vice president now owns 4,808 shares of the company’s stock, valued at $1,503,028.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric Branderiz also recently made the following trade(s):

  • On Monday, November 27th, Eric Branderiz sold 1,736 shares of Tesla stock. The stock was sold at an average price of $313.25, for a total value of $543,802.00.
  • On Friday, November 10th, Eric Branderiz sold 1,736 shares of Tesla stock. The stock was sold at an average price of $302.31, for a total value of $524,810.16.
  • On Tuesday, October 24th, Eric Branderiz sold 1,736 shares of Tesla stock. The stock was sold at an average price of $339.49, for a total value of $589,354.64.

Tesla Inc (NASDAQ:TSLA) traded down $2.02 during trading hours on Thursday, reaching $311.24. The company had a trading volume of 4,782,795 shares, compared to its average volume of 6,385,216. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla Inc has a 12-month low of $189.54 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. research analysts expect that Tesla Inc will post -11.38 EPS for the current fiscal year.

Several research firms have recently weighed in on TSLA. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the stock a “neutral” rating in a research report on Wednesday, September 20th. Vetr upgraded Tesla from a “hold” rating to a “buy” rating and set a $372.51 target price for the company in a research report on Thursday, August 10th. Jefferies Group started coverage on Tesla in a research report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 target price for the company. They noted that the move was a valuation call. Instinet started coverage on Tesla in a research note on Wednesday, October 4th. They set a “buy” rating and a $500.00 price target on the stock. Finally, ValuEngine upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday. Twelve research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and a consensus target price of $331.56.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Tesla in the 3rd quarter valued at approximately $447,000. Public Employees Retirement System of Ohio raised its holdings in Tesla by 2.1% during the third quarter. Public Employees Retirement System of Ohio now owns 90,062 shares of the electric vehicle producer’s stock worth $30,720,000 after purchasing an additional 1,812 shares during the last quarter. Energy Opportunities Capital Management LLC acquired a new position in Tesla during the third quarter worth $1,302,000. GSA Capital Partners LLP acquired a new position in Tesla during the third quarter worth $6,986,000. Finally, Garde Capital Inc. raised its holdings in Tesla by 9.6% during the third quarter. Garde Capital Inc. now owns 3,152 shares of the electric vehicle producer’s stock worth $1,075,000 after purchasing an additional 275 shares during the last quarter. 57.20% of the stock is owned by institutional investors and hedge funds.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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