Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares fell 1.8% on Tuesday . The stock traded as low as $386.50 and last traded at $390.10. 17,278,368 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 72,147,977 shares. The stock had previously closed at $397.15.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on TSLA shares. New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. Roth Capital raised Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Barclays boosted their price target on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Tesla from $125.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average target price of $318.31.
Read Our Latest Stock Analysis on Tesla
Tesla Stock Up 1.2 %
The business's 50 day simple moving average is $403.18 and its 200 day simple moving average is $297.99. The company has a market capitalization of $1.30 trillion, a PE ratio of 198.36, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.
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 for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.54% and a net margin of 7.26%. As a group, analysts forecast that Tesla, Inc. will post 2.82 EPS for the current year.
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, 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 SEC, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company's stock, valued at $2,222,802. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,386 shares of company stock worth $196,305,796 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Tesla
A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new stake in Tesla in the 3rd quarter worth approximately $29,000. Clean Yield Group lifted its stake in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the 3rd quarter worth $35,000. M&R Capital Management Inc. raised its holdings in Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Tesla during the 4th quarter worth $46,000. Institutional investors and hedge funds 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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