Tesla (NASDAQ:TSLA) Stock Price Up 1.8%

Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shot up 1.8% on Tuesday . The stock traded as high as $146.18 and last traded at $144.58. 35,334,399 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 100,789,367 shares. The stock had previously closed at $142.05.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. Morgan Stanley cut their price objective on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut Tesla from a "buy" rating to a "hold" rating and dropped their price target for the company from $189.00 to $123.00 in a research report on Thursday, April 18th. Mizuho reaffirmed a "neutral" rating and set a $195.00 price target (down previously from $270.00) on shares of Tesla in a research report on Monday, March 25th. Wells Fargo & Company dropped their price target on Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a research report on Friday, April 12th. Finally, HSBC dropped their price target on Tesla from $143.00 to $138.00 and set a "reduce" rating on the stock in a research report on Wednesday, April 3rd. Eight analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $194.33.

Tesla Trading Up 1.9 %

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 stock has a market capitalization of $460.78 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 3.89 and a beta of 2.40. The stock has a 50-day moving average price of $176.81 and a two-hundred day moving average price of $209.24.

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 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 company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the firm posted $1.07 EPS. The company's revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts forecast that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated 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 transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last quarter. Corporate insiders own 20.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TSLA. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC raised its holdings in shares of 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. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla during the 4th quarter worth approximately $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.