Tesla (NASDAQ:TSLA) Stock Price Down 2.9%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares were down 2.9% during mid-day trading on Tuesday . The stock traded as low as $153.75 and last traded at $156.73. Approximately 46,021,121 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 101,451,383 shares. The stock had previously closed at $161.48.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TSLA shares. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research note on Tuesday, April 2nd. Wells Fargo & Company decreased their target price on shares of Tesla from $125.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and set a $298.00 price target on shares of Tesla in a research report on Wednesday, March 27th. Barclays dropped their target price on shares of Tesla from $250.00 to $225.00 and set an "equal weight" rating for the company in a report on Thursday, January 25th. Finally, China Renaissance initiated coverage on Tesla in a report on Monday, February 26th. They set a "hold" rating on the stock. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $198.81.

Tesla Stock Down 2.7 %

The stock has a 50 day simple moving average of $181.44 and a 200-day simple moving average of $213.70. The firm has a market cap of $500.36 billion, a PE ratio of 36.36, a PEG ratio of 4.50 and a beta of 2.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Sell-side analysts predict that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company's stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last quarter. 20.90% of the stock is currently owned by insiders.

Institutional Trading of Tesla

Large investors have recently modified their holdings of the company. Wyrmwood Management LLC bought a new stake in shares of Tesla in the fourth quarter worth $25,000. Lam Group Inc. bought a new stake in Tesla during the fourth quarter valued at about $25,000. Alpha Paradigm Partners LLC bought a new stake in Tesla during the third quarter valued at about $27,000. MayTech Global Investments LLC bought a new stake in Tesla during the fourth quarter valued at about $30,000. Finally, Perkins Coie Trust Co grew its holdings in Tesla by 72.0% during the third quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 54 shares during the period. 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.