Tesla (NASDAQ:TSLA) Trading Down 0% - Here's What Happened

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares traded down 0% during mid-day trading on Monday . The stock traded as low as $347.50 and last traded at $355.84. 68,000,576 shares changed hands during trading, an increase of 0% from the average session volume of 67,880,264 shares. The stock had previously closed at $355.94.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a "sell" rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $365.00 price target on shares of Tesla in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a "mixed" rating on shares of Tesla in a research report on Saturday, February 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $295.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, Canaccord Genuity Group increased their price objective on shares of Tesla from $298.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $319.57.

Tesla Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 165.59, a PEG ratio of 5.86 and a beta of 2.34. The firm's fifty day moving average is $400.17 and its 200 day moving average is $313.18.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 75,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now directly owns 1,463,220 shares in the company, valued at approximately $538,274,741.40. The trade was a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 523,386 shares of company stock worth $195,995,200 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC lifted its stake in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Tesla during the third quarter worth $29,000. Horrell Capital Management Inc. increased its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after acquiring an additional 34 shares during the period. Peterson Financial Group Inc. bought a new position in Tesla during the third quarter worth $35,000. Finally, GS Investments Inc. increased its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Company Profile

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.