Tesla (NASDAQ:TSLA) Stock Price Down 4.6%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) fell 4.6% on Monday . The company traded as low as $138.80 and last traded at $140.25. 51,036,515 shares changed hands during trading, a decline of 49% from the average session volume of 100,943,016 shares. The stock had previously closed at $147.05.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Tesla from $200.00 to $180.00 and set a "market perform" rating on the stock in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft cut Tesla from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $189.00 to $123.00 in a research report on Thursday. Canaccord Genuity Group decreased their target price on Tesla from $267.00 to $234.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Piper Sandler reissued an "overweight" rating and issued a $205.00 target price on shares of Tesla in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $298.00 price objective on shares of Tesla in a research note on Wednesday, March 27th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $194.70.

Tesla Stock Down 3.4 %

The firm has a 50-day simple moving average of $178.51 and a 200 day simple moving average of $210.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The company has a market capitalization of $452.40 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 3.89 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results 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). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Transactions at Tesla

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

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. Wyrmwood Management LLC bought a new stake in Tesla during the fourth quarter worth approximately $25,000. Lam Group Inc. bought a new stake in Tesla during the 4th quarter worth about $25,000. Mendota Financial Group LLC lifted its position in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after buying an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV lifted its position in Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer's stock worth $35,000 after buying an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in Tesla during the 4th quarter worth about $37,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.