Tesla (NASDAQ:TSLA) Sees Unusually-High Trading Volume

Tesla, Inc. (NASDAQ:TSLA) shares saw an uptick in trading volume on Monday . 46,668,203 shares were traded during trading, a decline of 54% from the previous session’s volume of 102,447,133 shares.The stock last traded at $188.41 and had previously closed at $168.29.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSLA. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Wednesday, April 17th. Mizuho decreased their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. UBS Group decreased their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. KGI Securities reiterated a “neutral” rating and set a $213.00 price target (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. Finally, TD Cowen decreased their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $184.32.

Tesla Stock Up 15.7 %

The stock has a market capitalization of $621.13 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 4.45 and a beta of 2.40. The business has a fifty day moving average of $175.04 and a 200 day moving average of $207.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Insider Activity at Tesla

In other Tesla 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 value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction 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 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 can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on 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 in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently made changes to their positions in TSLA. My Legacy Advisors LLC increased its holdings in Tesla by 33.4% in the third quarter. My Legacy Advisors LLC now owns 1,238 shares of the electric vehicle producer’s stock valued at $310,000 after buying an additional 310 shares in the last quarter. Global Wealth Strategies & Associates boosted its position in Tesla by 23.5% during the third quarter. Global Wealth Strategies & Associates now owns 1,403 shares of the electric vehicle producer’s stock worth $351,000 after acquiring an additional 267 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Tesla by 8.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,216 shares of the electric vehicle producer’s stock valued at $2,056,000 after purchasing an additional 614 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Tesla by 5.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 13,683 shares of the electric vehicle producer’s stock valued at $3,424,000 after acquiring an additional 662 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Tesla by 23.4% during the 3rd quarter. Brookstone Capital Management now owns 87,788 shares of the electric vehicle producer’s stock valued at $21,966,000 after acquiring an additional 16,626 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

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.