Tesla (NASDAQ:TSLA) Trading Up 0.2% - What's Next?

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) rose 0.2% during trading on Friday . The stock traded as high as $418.88 and last traded at $413.29. Approximately 21,690,518 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 74,394,078 shares. The stock had previously closed at $412.38.

Analyst Ratings Changes

Several research firms have recently weighed in on TSLA. Barclays increased their price objective on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Wedbush raised their price objective on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research note on Wednesday. Glj Research restated a "sell" rating and issued a $24.86 price objective on shares of Tesla in a research note on Friday, January 3rd. Jefferies Financial Group raised their price objective on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Finally, Truist Financial restated a "hold" rating and issued a $360.00 price objective on shares of Tesla in a research note on Thursday, January 2nd. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $313.84.

Tesla Stock Down 1.4 %

The firm has a market cap of $1.31 trillion, a P/E ratio of 111.39, a P/E/G ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm's fifty day moving average is $398.82 and its 200 day moving average is $294.26.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 617,886 shares of company stock valued at $212,451,751 in the last quarter. Company insiders own 20.70% of the company's stock.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at $29,000. Clean Yield Group boosted its holdings in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after acquiring an additional 48 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter valued at $35,000. M&R Capital Management Inc. boosted its holdings in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Tesla during the 2nd quarter valued at $48,000. 66.20% of the stock is currently 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.