Tesla (NASDAQ:TSLA) Shares Up 0.5%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price traded up 0.5% on Wednesday . The stock traded as high as $231.62 and last traded at $229.06. 18,083,293 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 95,975,180 shares. The stock had previously closed at $227.87.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen upped their price target on Tesla from $160.00 to $180.00 and gave the stock a "hold" rating in a research note on Wednesday, July 3rd. Stifel Nicolaus assumed coverage on Tesla in a research report on Tuesday, June 25th. They issued a "buy" rating and a $265.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $254.00 price objective on shares of Tesla in a research report on Friday, September 13th. Robert W. Baird reaffirmed an "outperform" rating and issued a $280.00 price objective on shares of Tesla in a research report on Tuesday, August 20th. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $236.00 price objective on shares of Tesla in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $209.60.

Tesla Price Performance

The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $725.82 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 6.00 and a beta of 2.29. The stock has a 50 day simple moving average of $221.44 and a 200-day simple moving average of $195.15.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to analysts' expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at $14,967,479.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank & Trust Co purchased a new stake in shares of Tesla in the second quarter valued at approximately $25,000. Abich Financial Wealth Management LLC lifted its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after purchasing an additional 81 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $26,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the 4th quarter worth approximately $37,000. Finally, Guardian Wealth Management Inc. purchased a new stake in shares of Tesla in the 4th quarter worth approximately $47,000. Institutional investors own 66.20% of the company's stock.

Tesla Company Profile

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.