Tesla (NASDAQ:TSLA) Stock Price Up 1.4%

Tesla, Inc. (NASDAQ:TSLA)’s stock price was up 1.4% on Tuesday . The company traded as high as $187.01 and last traded at $185.17. Approximately 24,302,848 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 95,158,516 shares. The stock had previously closed at $182.58.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several analyst reports. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Stifel Nicolaus initiated coverage on shares of Tesla in a research report on Tuesday. They set a “buy” rating and a $265.00 price target on the stock. Canaccord Genuity Group dropped their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. UBS Group dropped their price target on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada dropped their price target on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $187.30.

Tesla Trading Up 4.8 %

The firm has a market capitalization of $626.26 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 4.65 and a beta of 2.32. The business’s 50-day simple moving average is $175.02 and its two-hundred day simple moving average is $192.25. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Equities analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock worth $19,285,643 over the last three months. Insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TSLA. Wyrmwood Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC grew its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new position in Tesla during the 4th quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.