Insider Selling: Tesla Inc (NASDAQ:TSLA) SVP Sells $5,824,720.00 in Stock

Tesla Inc (NASDAQ:TSLA) SVP Andrew D. Baglino sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $1,456.18, for a total transaction of $5,824,720.00. Following the completion of the transaction, the senior vice president now directly owns 8,122 shares in the company, valued at approximately $11,827,093.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ TSLA opened at $1,430.76 on Friday. The stock has a market cap of $265.22 billion, a PE ratio of 745.19, a P/E/G ratio of 25.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a 50-day moving average of $1,259.00 and a 200-day moving average of $833.62. Tesla Inc has a 52-week low of $211.00 and a 52-week high of $1,794.99.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.35) by $4.53. The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $4.96 billion. Tesla had a net margin of 1.43% and a return on equity of 4.19%. During the same period last year, the business posted ($1.12) earnings per share. As a group, analysts predict that Tesla Inc will post 1.65 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. grew its holdings in shares of Tesla by 5.8% in the second quarter. North Star Investment Management Corp. now owns 147 shares of the electric vehicle producer’s stock worth $159,000 after purchasing an additional 8 shares during the last quarter. American Research & Management Co. lifted its holdings in shares of Tesla by 5.8% in the 2nd quarter. American Research & Management Co. now owns 145 shares of the electric vehicle producer’s stock valued at $157,000 after buying an additional 8 shares during the period. Main Street Research LLC lifted its holdings in shares of Tesla by 1.5% in the 2nd quarter. Main Street Research LLC now owns 537 shares of the electric vehicle producer’s stock valued at $580,000 after buying an additional 8 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its holdings in shares of Tesla by 2.2% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 412 shares of the electric vehicle producer’s stock valued at $445,000 after buying an additional 9 shares during the period. Finally, PFG Advisors increased its stake in shares of Tesla by 2.3% in the 2nd quarter. PFG Advisors now owns 406 shares of the electric vehicle producer’s stock valued at $627,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.

Several research analysts have recently issued reports on TSLA shares. Needham & Company LLC reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday, July 23rd. Oppenheimer initiated coverage on shares of Tesla in a research note on Tuesday, June 30th. They set a “buy” rating and a $968.00 price objective on the stock. Barclays set a $300.00 price objective on shares of Tesla and gave the stock a “sell” rating in a research note on Thursday, July 23rd. Argus raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Friday, July 24th. Finally, ValuEngine lowered shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $846.94.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Featured Story: The risks of owning bonds

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

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.