Tesla (NASDAQ:TSLA) Stock Price Up 12.9%

Tesla, Inc. (NASDAQ:TSLA)’s share price traded up 12.9% during mid-day trading on Monday . The company traded as high as $190.80 and last traded at $190.01. 92,281,104 shares were traded during mid-day trading, a decline of 10% from the average session volume of 103,082,156 shares. The stock had previously closed at $168.29.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Guggenheim restated a “sell” rating and set a $122.00 target price on shares of Tesla in a research note on Tuesday, April 23rd. Royal Bank of Canada lowered their target price on shares of Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Citigroup upped their price target on shares of Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley reduced their target price on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $184.32.

Tesla Stock Up 14.6 %

The stock has a market capitalization of $615.10 billion, a P/E ratio of 48.47, a P/E/G ratio of 4.45 and a beta of 2.40. The business has a 50-day moving average price of $175.04 and a 200 day moving average price of $207.22. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction 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 completion of the sale, 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 filing with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 over the last three months. 20.90% of the stock is owned by insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. My Legacy Advisors LLC increased its stake 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 worth $310,000 after purchasing an additional 310 shares during the period. Global Wealth Strategies & Associates increased its stake in shares of Tesla by 23.5% during the third quarter. Global Wealth Strategies & Associates now owns 1,403 shares of the electric vehicle producer’s stock valued at $351,000 after buying an additional 267 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Tesla by 8.1% during the third quarter. Harbor Capital Advisors Inc. now owns 8,216 shares of the electric vehicle producer’s stock valued at $2,056,000 after buying an additional 614 shares during the period. Atlantic Union Bankshares Corp increased its stake in shares of Tesla by 5.1% during the third quarter. Atlantic Union Bankshares Corp now owns 13,683 shares of the electric vehicle producer’s stock valued at $3,424,000 after buying an additional 662 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Tesla by 23.4% during the third quarter. Brookstone Capital Management now owns 87,788 shares of the electric vehicle producer’s stock valued at $21,966,000 after buying an additional 16,626 shares during the period. Hedge funds and other institutional investors 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.