Tesla (NASDAQ:TSLA) Trading 0.2% Higher

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s stock price shot up 0.2% during trading on Thursday . The stock traded as high as $175.06 and last traded at $174.41. 25,684,946 shares traded hands during trading, a decline of 75% from the average session volume of 101,436,680 shares. The stock had previously closed at $173.99.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSLA. Guggenheim restated a "sell" rating and issued a $122.00 price objective on shares of Tesla in a report on Tuesday, April 23rd. Cantor Fitzgerald started coverage on Tesla in a research report on Thursday, May 2nd. They issued an "overweight" rating and a $230.00 price target on the stock. Wedbush reissued an "outperform" rating and issued a $275.00 target price on shares of Tesla in a research note on Monday, April 29th. Roth Mkm restated a "neutral" rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company lowered their price target on Tesla from $125.00 to $120.00 and set an "underweight" rating for the company in a research note on Friday, April 12th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $185.90.

Tesla Stock Up 0.5 %

The firm has a fifty day moving average of $170.85 and a 200-day moving average of $202.78. 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 firm has a market cap of $557.60 billion, a P/E ratio of 44.59, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. On average, equities research analysts anticipate that Tesla, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly 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 can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 302,803 shares of company stock worth $56,124,840 over the last quarter. 25.10% of the stock is currently owned by insiders.

Institutional Trading of Tesla

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Tesla during the fourth quarter worth approximately $7,844,757,000. International Assets Investment Management LLC increased its position in Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer's stock worth $1,541,273,000 after buying an additional 6,179,032 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer's stock worth $57,102,287,000 after buying an additional 3,866,361 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Tesla by 34.0% in the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer's stock valued at $2,260,039,000 after acquiring an additional 2,293,344 shares during the period. Finally, Morgan Stanley grew its stake in shares of Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer's stock valued at $7,546,823,000 after acquiring an additional 2,177,397 shares in the last quarter. 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.