Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price fell 2.3% during mid-day trading on Monday . The stock traded as low as $223.53 and last traded at $225.10. 18,582,145 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 96,376,109 shares. The stock had previously closed at $230.29.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on TSLA shares. TD Cowen upped their target price on Tesla from $160.00 to $180.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Wells Fargo & Company reiterated an "underweight" rating and set a $120.00 target price on shares of Tesla in a research report on Monday, July 1st. Mizuho increased their price target on shares of Tesla from $180.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $295.00 price objective on shares of Tesla in a report on Tuesday, September 10th. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $236.00 price target on shares of Tesla in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $209.60.
View Our Latest Research Report on TSLA
Tesla Trading Down 1.5 %
The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $723.25 billion, a P/E ratio of 57.85, a PEG ratio of 6.08 and a beta of 2.29. The business's 50 day moving average is $222.85 and its two-hundred day moving average is $194.75.
Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion during the quarter, compared to analysts' expectations of $24.38 billion. During the same period last year, the business earned $0.78 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 1.75 EPS for the current year.
Insider Transactions at Tesla
In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the firm's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Robyn M. Denholm sold 66,364 shares of the company's stock in a transaction on Thursday, July 25th. The stock was 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 directly owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Bank & Trust Co acquired a new position in shares of Tesla during the 2nd quarter worth about $25,000. Abich Financial Wealth Management LLC boosted its position in Tesla by 168.8% during the second 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. bought a new stake in shares of Tesla during the 2nd quarter worth about $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Tesla during the fourth quarter worth approximately $37,000. Finally, Guardian Wealth Management Inc. bought a new position in Tesla during the 4th quarter worth $47,000. Institutional investors own 66.20% of the company's stock.
About Tesla
(
Get Free Report)
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.
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