Tesla (NASDAQ:TSLA) Trading Up 1.6%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price was up 1.6% during mid-day trading on Thursday . The stock traded as high as $171.36 and last traded at $170.99. Approximately 28,417,146 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 101,044,945 shares. The stock had previously closed at $168.38.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Canaccord Genuity Group dropped their target price on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. China Renaissance assumed coverage on Tesla in a research report on Monday, February 26th. They issued a "hold" rating on the stock. Redburn Atlantic assumed coverage on Tesla in a research report on Wednesday, January 24th. They issued a "sell" rating and a $170.00 target price on the stock. HSBC dropped their target price on Tesla from $143.00 to $138.00 and set a "reduce" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $125.00 target price on shares of Tesla in a research report on Monday. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $201.63.

Tesla Price Performance

The stock has a 50-day simple moving average of $184.02 and a 200 day simple moving average of $218.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The company has a market cap of $544.95 billion, a P/E ratio of 39.67, a P/E/G ratio of 3.13 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the prior year, the business posted $1.07 EPS. Tesla's revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Tesla, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company's stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 in the last 90 days. 25.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Hedge funds and other institutional investors have recently bought and sold shares of the business. MidWestOne Financial Group Inc. increased its stake in shares of Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock valued at $509,000 after buying an additional 15 shares during the period. City State Bank grew its stake in shares of Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock worth $315,000 after purchasing an additional 40 shares during the period. Marcum Wealth LLC grew its stake in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer's stock worth $1,850,000 after purchasing an additional 41 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer's stock worth $1,089,000 after purchasing an additional 42 shares during the period. Finally, Holderness Investments Co. grew its stake in shares of Tesla by 1.6% during the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer's stock worth $650,000 after purchasing an additional 42 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Company Profile

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.