Tesla (NASDAQ:TSLA) Stock Price Up 0.6%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price rose 0.6% during trading on Monday . The stock traded as high as $188.80 and last traded at $184.10. Approximately 25,080,996 shares were traded during trading, a decline of 74% from the average daily volume of 95,471,008 shares. The stock had previously closed at $183.01.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 24th. Sanford C. Bernstein restated an "underperform" rating and set a $120.00 price target on shares of Tesla in a report on Monday, June 10th. Cantor Fitzgerald restated an "overweight" rating and set a $230.00 price target on shares of Tesla in a report on Monday. Barclays reduced their price target on Tesla from $225.00 to $180.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. Finally, Truist Financial reduced their price target on Tesla from $176.00 to $162.00 and set a "hold" rating for the company in a report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $182.68.

Tesla Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a market capitalization of $582.28 billion, a PE ratio of 46.58, a PEG ratio of 4.50 and a beta of 2.32. The stock has a 50-day moving average price of $174.41 and a two-hundred day moving average price of $192.65.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to analysts' expectations of $22.15 billion. As a group, equities analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current year.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company's stock, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company's stock, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock valued at $19,285,643 in the last ninety days. Corporate insiders own 25.10% of the company's stock.

Institutional Trading of Tesla

Several hedge funds have recently modified their holdings of TSLA. Federated Hermes Inc. raised its holdings in shares of Tesla by 13.3% during the 3rd quarter. Federated Hermes Inc. now owns 82,508 shares of the electric vehicle producer's stock worth $20,645,000 after acquiring an additional 9,676 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Tesla by 10.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,073 shares of the electric vehicle producer's stock valued at $1,019,000 after purchasing an additional 370 shares during the last quarter. Cadence Bank increased its position in shares of Tesla by 10.8% during the 3rd quarter. Cadence Bank now owns 2,013 shares of the electric vehicle producer's stock valued at $504,000 after purchasing an additional 196 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Tesla by 38.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 105,279 shares of the electric vehicle producer's stock valued at $26,343,000 after purchasing an additional 29,314 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in shares of Tesla by 4.2% during the 3rd quarter. Morse Asset Management Inc now owns 11,976 shares of the electric vehicle producer's stock valued at $2,997,000 after purchasing an additional 481 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.