Tesla (NASDAQ:TSLA) Shares Down 3.7% - What's Next?

Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) traded down 3.7% during trading on Friday . The company traded as low as $426.50 and last traded at $437.23. 33,652,819 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 94,838,969 shares. The stock had previously closed at $454.13.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Phillip Securities downgraded Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price target on Tesla from $287.00 to $411.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. William Blair assumed coverage on Tesla in a research report on Thursday, August 29th. They issued an "outperform" rating on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, October 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $400.00 target price on shares of Tesla in a research report on Monday, November 18th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $272.06.

Tesla Stock Down 4.9 %

The stock's fifty day moving average is $341.45 and its two-hundred day moving average is $263.58. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.39 trillion, a PE ratio of 118.26, a P/E/G ratio of 10.80 and a beta of 2.36.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The company's revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,442,856.32. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 514,886 shares of company stock valued at $169,393,831. 20.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Transcendent Capital Group LLC bought a new position in shares of Tesla in the third quarter worth approximately $29,000. Clean Yield Group lifted its position in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after buying an additional 48 shares during the period. Abich Financial Wealth Management LLC lifted its position in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares during the period. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter valued at $26,000. Finally, Peterson Financial Group Inc. purchased a new position in Tesla during the third quarter valued at $35,000. 66.20% of the stock is currently owned by institutional investors.

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.