Tesla (NASDAQ:TSLA) Trading Up 0.1%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s stock price rose 0.1% during mid-day trading on Friday . The company traded as high as $150.94 and last traded at $150.09. Approximately 32,951,114 shares changed hands during trading, a decline of 67% from the average daily volume of 100,837,938 shares. The stock had previously closed at $149.93.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Jefferies Financial Group cut their price target on shares of Tesla from $185.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 10th. China Renaissance began coverage on shares of Tesla in a research note on Monday, February 26th. They set a "hold" rating on the stock. Truist Financial dropped their price target on shares of Tesla from $193.00 to $176.00 and set a "hold" rating on the stock in a research note on Wednesday, April 3rd. Sanford C. Bernstein dropped their price target on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 26th. Finally, KGI Securities reiterated a "neutral" rating and issued a $213.00 price target (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $194.70.

Tesla Stock Performance

The stock has a market cap of $468.32 billion, a PE ratio of 34.12, a PEG ratio of 4.11 and a beta of 2.39. The stock has a fifty day simple moving average of $178.51 and a two-hundred day simple moving average of $211.48. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 31,230 shares of the company's stock, valued at $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 25.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MidWestOne Financial Group Inc. boosted its stake in Tesla by 3.3% during the first 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 in the last quarter. City State Bank boosted its stake in Tesla by 3.3% during the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock valued at $315,000 after buying an additional 40 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings 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 valued at $1,089,000 after purchasing an additional 42 shares during the last quarter. Holderness Investments Co. lifted its holdings 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 valued at $650,000 after purchasing an additional 42 shares during the last quarter. Finally, Linscomb & Williams Inc. lifted its holdings in shares of Tesla by 3.5% during the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer's stock valued at $1,329,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

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.