Tesla (NASDAQ:TSLA) Stock Price Up 2.1%

Tesla, Inc. (NASDAQ:TSLA) shares rose 2.1% during mid-day trading on Friday . The stock traded as high as $202.98 and last traded at $201.48. Approximately 33,664,926 shares were traded during trading, a decline of 65% from the average daily volume of 94,832,727 shares. The stock had previously closed at $197.42.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. Barclays cut their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company reduced their price objective on Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, April 12th. Evercore ISI lowered their target price on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, April 29th. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Monday, June 10th. Finally, UBS Group lowered their price objective on shares of Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $187.30.

Tesla Price Performance

The firm has a market capitalization of $631.08 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 4.90 and a beta of 2.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $177.80 and a two-hundred day moving average price of $191.71.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, research analysts forecast that Tesla, Inc. will post 1.87 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,855 shares of company stock worth $19,285,643. Insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently added to or reduced their stakes in TSLA. Ancora Advisors LLC grew its stake in shares of Tesla by 3.2% in the 3rd quarter. Ancora Advisors LLC now owns 5,086 shares of the electric vehicle producer’s stock worth $1,273,000 after purchasing an additional 156 shares during the last quarter. Becker Capital Management Inc. raised its position in shares of Tesla by 3.4% during the third quarter. Becker Capital Management Inc. now owns 1,974 shares of the electric vehicle producer’s stock worth $494,000 after purchasing an additional 65 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Tesla by 3.5% during the third quarter. Glenmede Trust Co. NA now owns 38,224 shares of the electric vehicle producer’s stock valued at $9,564,000 after purchasing an additional 1,303 shares during the last quarter. Advanced Portfolio Management LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $429,000. Finally, Axxcess Wealth Management LLC increased its stake in Tesla by 41.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 49,449 shares of the electric vehicle producer’s stock worth $12,348,000 after purchasing an additional 14,490 shares in the last quarter. 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.