Tesla (NASDAQ:TSLA) Shares Up 0.8%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s stock price shot up 0.8% during trading on Monday . The stock traded as high as $187.56 and last traded at $182.63. 39,026,619 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 103,885,867 shares. The stock had previously closed at $181.19.

Wall Street Analyst Weigh In

Several research firms have commented on TSLA. Redburn Atlantic began coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a "sell" rating and a $170.00 price objective for the company. KGI Securities restated a "neutral" rating and set a $213.00 price target (down previously from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Wells Fargo & Company decreased their price target on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating for the company in a research note on Friday, April 12th. TD Cowen decreased their price target on shares of Tesla from $200.00 to $180.00 and set a "market perform" rating for the company in a research note on Thursday, January 25th. Finally, Cantor Fitzgerald initiated coverage on shares of Tesla in a research note on Thursday. They set an "overweight" rating and a $230.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $185.90.

Tesla Stock Up 2.0 %

The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $173.85 and a 200 day simple moving average of $204.81. The firm has a market capitalization of $589.24 billion, a P/E ratio of 47.11, a P/E/G ratio of 4.74 and a beta of 2.41.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction 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 transaction, the director now directly owns 15,000 shares of the company's stock, valued at $2,920,950. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company's stock, valued at $11,188,215.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 over the last ninety days. 25.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brown Advisory Inc. increased its position in Tesla by 6.6% in the third quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer's stock worth $6,505,000 after buying an additional 1,604 shares in the last quarter. WealthShield Partners LLC increased its position in Tesla by 8.9% in the third quarter. WealthShield Partners LLC now owns 2,389 shares of the electric vehicle producer's stock worth $598,000 after buying an additional 196 shares in the last quarter. Mackenzie Financial Corp increased its position in Tesla by 11.9% in the third quarter. Mackenzie Financial Corp now owns 267,828 shares of the electric vehicle producer's stock worth $66,028,000 after buying an additional 28,449 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in Tesla by 32.6% in the third quarter. Farmers & Merchants Investments Inc. now owns 3,663 shares of the electric vehicle producer's stock worth $917,000 after buying an additional 901 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV increased its position in Tesla by 1.6% in the third quarter. Pennsylvania Capital Management Inc. ADV now owns 4,805 shares of the electric vehicle producer's stock worth $1,202,000 after buying an additional 77 shares in 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.

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