Tesla (NASDAQ:TSLA) Stock Price Down 1.2%

Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price traded down 1.2% on Monday . The company traded as low as $173.82 and last traded at $175.38. 26,792,981 shares were traded during trading, a decline of 73% from the average session volume of 100,771,633 shares. The stock had previously closed at $177.46.

Analysts Set New Price Targets

Several research analysts have commented on TSLA shares. Robert W. Baird reissued an "outperform" rating and issued a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday, April 24th. Canaccord Genuity Group lowered their price target on Tesla from $234.00 to $222.00 and set a "buy" rating on the stock in a report on Wednesday, April 24th. China Renaissance started coverage on Tesla in a report on Monday, February 26th. They set a "hold" rating for the company. Finally, Jefferies Financial Group lowered their target price on shares of Tesla from $185.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, April 10th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $185.90.

Tesla Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The business has a 50 day moving average of $170.82 and a 200 day moving average of $202.44. The company has a market cap of $557.95 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 4.89 and a beta of 2.41.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion for the quarter, compared to analysts' expectations of $22.15 billion. As a group, research analysts predict that Tesla, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 31,230 shares of the company's stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold a total of 302,803 shares of company stock valued at $56,124,840 over the last ninety days. Company insiders own 20.90% of the company's stock.

Institutional Trading of Tesla

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Tesla in the 4th quarter worth about $7,844,757,000. International Assets Investment Management LLC raised its holdings in shares of Tesla by 25,990.7% during the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer's stock valued at $1,541,273,000 after purchasing an additional 6,179,032 shares during the last quarter. Vanguard Group Inc. lifted its position in Tesla by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer's stock valued at $57,102,287,000 after purchasing an additional 3,866,361 shares during the period. Morgan Stanley boosted its holdings in Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer's stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Tesla by 2,101.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer's stock worth $365,064,000 after purchasing an additional 1,402,443 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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.