Tesla (NASDAQ:TSLA) Trading 2.5% Higher

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price traded up 2.5% during trading on Monday . The stock traded as high as $175.40 and last traded at $172.62. 30,814,913 shares traded hands during trading, a decline of 70% from the average session volume of 102,251,867 shares. The stock had previously closed at $168.47.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush restated an "outperform" rating and issued a $275.00 target price on shares of Tesla in a research note on Monday, April 29th. Canaccord Genuity Group dropped their target price on shares of Tesla from $267.00 to $234.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Wednesday, April 24th. Cantor Fitzgerald assumed coverage on Tesla in a research note on Thursday, May 2nd. They set an "overweight" rating and a $230.00 price objective on the stock. Finally, Mizuho dropped their target price on Tesla from $195.00 to $180.00 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tesla has an average rating of "Hold" and an average price target of $185.90.

Tesla Price Performance

The firm's 50 day moving average is $171.29 and its 200 day moving average is $203.43. The firm has a market cap of $548.19 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 4.65 and a beta of 2.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla 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 of the company's stock, valued at $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was 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 owns 15,000 shares in the company, valued at $2,920,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Insiders have sold a total of 302,803 shares of company stock worth $56,124,840 in the last quarter. Corporate insiders own 20.90% of the company's stock.

Institutional Investors Weigh In On Tesla

Large investors have recently added to or reduced their stakes in the stock. Wyrmwood Management LLC purchased a new stake in Tesla during the fourth quarter valued at $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the 4th quarter worth $25,000. Mendota Financial Group LLC grew its position 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 valued at $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Tesla in the 4th quarter worth $37,000. Finally, Guardian Wealth Management Inc. purchased a new position in Tesla during the fourth quarter valued at $47,000. Institutional investors own 66.20% of the company's stock.

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.

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