Tesla Stock Down 1.7% Shares of Tesla stock opened at $346.65 on Wednesday. Tesla has a 52-week low of $217.80 and a 52-week high of $498.83. The company has a 50 day moving average of $397.73 and a 200 day moving average of $426.55. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.30 trillion, a P/E ratio of 320.97, a P/E/G ratio of 10.69 and a beta of 1.91. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts forecast that Tesla will post 2.56 EPS for the current fiscal year. Insider Buying and Selling In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 53,804 shares of company stock worth $20,865,598. 19.90% of the stock is owned by corporate insiders. Institutional Trading of Tesla A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $26,000. Davidson Capital Management Inc. increased its holdings in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $29,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock. Key Stories Impacting Tesla