Tesla (NASDAQ:TSLA) Stock Price Up 2.8% - Should You Buy?

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shot up 2.8% during trading on Friday . The stock traded as high as $293.00 and last traded at $289.85. 46,161,977 shares changed hands during trading, a decline of 40% from the average session volume of 77,296,133 shares. The stock had previously closed at $281.95.

Wall Street Analyst Weigh In

Several research analysts have commented on TSLA shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $295.00 to $370.00 and gave the company a "buy" rating in a report on Monday, December 9th. UBS Group reaffirmed a "neutral" rating on shares of Tesla in a research report on Tuesday. Piper Sandler upped their target price on shares of Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Glj Research reiterated a "sell" rating and set a $24.86 target price on shares of Tesla in a research note on Wednesday, February 12th. Finally, Evercore ISI raised their target price on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research report on Friday, January 3rd. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $315.33.

Tesla Trading Up 2.6 %

The firm's 50-day moving average price is $374.97 and its 200 day moving average price is $318.13. The company has a market capitalization of $897.73 billion, a P/E ratio of 136.81, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a quick ratio of 1.61, a current ratio of 2.02 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 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%. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, 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 value of $41,163,000.00. Following the completion of the sale, the director now directly owns 5,400 shares in the company, valued at $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 416,386 shares of company stock worth $152,140,555 over the last three months. Company insiders own 20.70% of the company's stock.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC raised its position in Tesla by 15.5% during the 4th quarter. Castle Rock Wealth Management LLC now owns 3,725 shares of the electric vehicle producer's stock valued at $1,504,000 after purchasing an additional 499 shares in the last quarter. Audent Global Asset Management LLC boosted its holdings in Tesla by 4.4% in the 4th quarter. Audent Global Asset Management LLC now owns 1,386 shares of the electric vehicle producer's stock worth $560,000 after buying an additional 58 shares during the last quarter. BridgePort Financial Solutions LLC acquired a new position in Tesla during the fourth quarter worth $428,000. Park Square Financial Group LLC acquired a new position in Tesla during the fourth quarter worth $813,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Tesla during the 4th quarter worth approximately $455,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

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.