Tesla (NASDAQ:TSLA) Trading Down 0% - What's Next?

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) dropped 0% during trading on Monday . The stock traded as low as $347.50 and last traded at $355.84. Approximately 68,000,576 shares were traded during trading, an increase of 0% from the average daily volume of 67,880,264 shares. The stock had previously closed at $355.94.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TSLA shares. Robert W. Baird lowered their target price on shares of Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Bank of America lowered shares of Tesla from a "buy" rating to a "neutral" rating and boosted their target price for the company from $400.00 to $490.00 in a research note on Tuesday, January 7th. Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group boosted their target price on shares of Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $326.50.

Tesla Trading Down 4.7 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market cap of $1.09 trillion, a price-to-earnings ratio of 165.59, a P/E/G ratio of 5.97 and a beta of 2.34. The company's fifty day moving average price is $402.14 and its 200-day moving average price is $311.43.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,903,716. This represents a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $37,226,491.76. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 523,386 shares of company stock worth $195,995,200. 20.70% of the stock is owned by company insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC increased its position in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the third quarter worth about $29,000. Horrell Capital Management Inc. grew its position in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in Tesla in the third quarter valued at approximately $35,000. Finally, GS Investments Inc. boosted its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

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.