Jerome M. Guillen Sells 1,000 Shares of Tesla Inc (TSLA) Stock

Tesla Inc (NASDAQ:TSLA) insider Jerome M. Guillen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $360.28, for a total transaction of $360,280.00. Following the completion of the sale, the insider now directly owns 8,598 shares in the company, valued at approximately $3,097,687.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:TSLA opened at $357.97 on Friday. The firm has a market capitalization of $61.77 billion, a PE ratio of -31.18 and a beta of 0.59. Tesla Inc has a one year low of $244.59 and a one year high of $387.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of ($1.77) by $4.67. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. Research analysts expect that Tesla Inc will post -5.09 EPS for the current fiscal year.

Several analysts have recently issued reports on TSLA shares. Vertical Group reissued a “sell” rating on shares of Tesla in a research report on Wednesday, September 19th. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a report on Monday, October 8th. ValuEngine raised shares of Tesla from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. Morningstar set a $179.00 target price on shares of Tesla and gave the stock a “neutral” rating in a report on Monday, September 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $195.00 target price on shares of Tesla in a report on Friday, September 28th. Twelve equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $320.85.

Large investors have recently modified their holdings of the company. Honkamp Krueger Financial Services Inc. bought a new position in shares of Tesla in the 3rd quarter worth $122,000. Belpointe Asset Management LLC bought a new position in shares of Tesla in the 3rd quarter worth $131,000. Destination Wealth Management increased its holdings in shares of Tesla by 156.0% in the 3rd quarter. Destination Wealth Management now owns 512 shares of the electric vehicle producer’s stock worth $136,000 after buying an additional 312 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in shares of Tesla by 120.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 550 shares of the electric vehicle producer’s stock worth $146,000 after buying an additional 300 shares during the last quarter. Finally, Proffitt & Goodson Inc. bought a new position in shares of Tesla in the 3rd quarter worth $147,000. 59.50% of the stock is currently owned by hedge funds and other institutional investors.

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Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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