Tesla (NASDAQ:TSLA) Stock Price Up 6.4%

Tesla, Inc. (NASDAQ:TSLA) shot up 6.4% on Tuesday . The stock traded as high as $184.06 and last traded at $183.67. 52,132,465 shares were traded during trading, a decline of 49% from the average session volume of 102,342,117 shares. The stock had previously closed at $172.63.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group cut their price objective on shares of Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Citigroup decreased their price target on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating on the stock in a report on Wednesday. TD Cowen dropped their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. KGI Securities reiterated a “neutral” rating and issued a $213.00 target price (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. Finally, Redburn Atlantic started coverage on Tesla in a research note on Wednesday, January 24th. They set a “sell” rating and a $170.00 price target for the company. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $207.04.

Tesla Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $188.49 and a 200-day moving average of $222.36. The stock has a market capitalization of $572.72 billion, a P/E ratio of 41.72, a PEG ratio of 4.01 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 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 company had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. Tesla’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock valued at $36,952,434 in the last ninety days. Company insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Large investors have recently made changes to their positions in the business. Synergy Financial Group LTD boosted its stake in shares of Tesla by 7.3% during the 2nd quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock worth $1,684,000 after acquiring an additional 438 shares in the last quarter. New Republic Capital LLC purchased a new position in Tesla in the 2nd quarter worth about $429,000. Oak Ridge Investments LLC raised its holdings in Tesla by 4.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after buying an additional 1,405 shares during the period. Charter Oak Capital Management LLC boosted its holdings in shares of Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock worth $318,000 after buying an additional 104 shares during the period. Finally, CWM LLC increased its position in shares of Tesla by 14.4% in the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock worth $36,717,000 after acquiring an additional 18,462 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

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.