Tesla (NASDAQ:TSLA) Trading 5.1% Higher

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) rose 5.1% during mid-day trading on Monday . The stock traded as high as $174.05 and last traded at $173.32. Approximately 43,741,080 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 102,230,047 shares. The stock had previously closed at $164.90.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several analyst reports. The Goldman Sachs Group reduced their price objective on Tesla from $220.00 to $190.00 and set a "neutral" rating on the stock in a research note on Monday, March 18th. Canaccord Genuity Group cut their price target on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research note on Thursday, January 25th. Morgan Stanley cut their price target on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday. Jefferies Financial Group cut their price target on Tesla from $225.00 to $185.00 and set a "hold" rating on the stock in a research note on Monday, January 29th. Finally, Citigroup cut their price target on Tesla from $224.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 27th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $201.63.

Tesla Price Performance

The stock has a fifty day simple moving average of $183.42 and a two-hundred day simple moving average of $216.87. The company has a market cap of $550.90 billion, a PE ratio of 40.22, a price-to-earnings-growth ratio of 3.17 and a beta of 2.40. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. Tesla's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.33 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business'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 sale, the senior vice president now owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The sale was disclosed in a legal filing 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 Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 in the last quarter. 20.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSLA. Contravisory Investment Management Inc. acquired a new position in shares of Tesla during the 3rd quarter worth approximately $25,000. Wyrmwood Management LLC acquired a new position in Tesla in the 4th quarter valued at $25,000. Lam Group Inc. acquired a new position in Tesla in the 4th quarter valued at $25,000. Halpern Financial Inc. raised its holdings in Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new position in Tesla in the 3rd quarter valued at $27,000. 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.