Insider Activity In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,606 shares of company stock worth $33,554,102 over the last ninety days. Corporate insiders own 19.90% of the company’s stock. Hedge Funds Weigh In On Tesla Several institutional investors and hedge funds have recently bought and sold shares of the company. Siren L.L.C. acquired a new stake in shares of Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC increased its holdings in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares during the last quarter. Norges Bank acquired a new stake in Tesla in the second quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock worth $135,688,000 after buying an additional 22,607 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new position in shares of Tesla during the 1st quarter worth about $594,000. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Stock Performance TSLA opened at $446.74 on Thursday. The firm’s fifty day simple moving average is $434.02 and its two-hundred day simple moving average is $371.05. Tesla has a 52-week low of $214.25 and a 52-week high of $488.54. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 297.83, a PEG ratio of 14.53 and a beta of 1.87. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year. Tesla Company Profile