Tesla (NASDAQ:TSLA) Stock Price Up 12.9%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares rose 12.9% during mid-day trading on Monday . The stock traded as high as $190.80 and last traded at $190.01. Approximately 92,281,104 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 103,082,156 shares. The stock had previously closed at $168.29.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Edward Jones downgraded Tesla from a "buy" rating to a "hold" rating in a research report on Friday, January 26th. Morgan Stanley dropped their target price on shares of Tesla from $320.00 to $310.00 and set an "overweight" rating for the company in a report on Thursday, April 4th. Mizuho decreased their price target on shares of Tesla from $195.00 to $180.00 and set a "neutral" rating on the stock in a report on Wednesday, April 24th. Sanford C. Bernstein lowered their price objective on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating for the company in a research report on Tuesday, March 26th. Finally, Wedbush restated an "outperform" rating and issued a $275.00 target price on shares of Tesla in a research report on Monday. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $184.32.

Tesla Trading Up 15.3 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market cap of $618.86 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40. The firm's fifty day moving average is $175.04 and its 200-day moving average is $207.22.

Insider Transactions at Tesla

In other Tesla 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 value of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company's stock, valued at $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 20.90% of the company's stock.

Institutional Trading of Tesla

Large investors have recently made changes to their positions in the company. My Legacy Advisors LLC grew its holdings in shares of Tesla by 33.4% during the third quarter. My Legacy Advisors LLC now owns 1,238 shares of the electric vehicle producer's stock valued at $310,000 after buying an additional 310 shares during the last quarter. Global Wealth Strategies & Associates boosted its stake in Tesla by 23.5% during the 3rd quarter. Global Wealth Strategies & Associates now owns 1,403 shares of the electric vehicle producer's stock valued at $351,000 after purchasing an additional 267 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Tesla by 8.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,216 shares of the electric vehicle producer's stock worth $2,056,000 after purchasing an additional 614 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Tesla by 5.1% in the third quarter. Atlantic Union Bankshares Corp now owns 13,683 shares of the electric vehicle producer's stock worth $3,424,000 after purchasing an additional 662 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Tesla by 23.4% in the third quarter. Brookstone Capital Management now owns 87,788 shares of the electric vehicle producer's stock valued at $21,966,000 after purchasing an additional 16,626 shares in the last quarter. 66.20% of the stock is currently 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.