Tesla (NASDAQ:TSLA) Trading Up 6.5%

Shares of Tesla, Inc. (NASDAQ:TSLA) shot up 6.5% on Monday . The company traded as high as $211.48 and last traded at $210.83. 47,175,691 shares were traded during trading, a decline of 50% from the average session volume of 94,945,656 shares. The stock had previously closed at $197.88.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TSLA shares. Mizuho lowered their target price on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Piper Sandler restated an “overweight” rating and set a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, June 12th. JPMorgan Chase & Co. decreased their price target on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research report on Wednesday, April 24th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $187.30.

Tesla Stock Performance

The firm has a fifty day moving average of $179.16 and a 200 day moving average of $191.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $737.53 billion, a price-to-earnings ratio of 59.00, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last posted its 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 firm had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated 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 sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Institutional Trading of Tesla

Institutional investors have recently made changes to their positions in the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the 4th quarter valued at $25,000. Lam Group Inc. purchased a new position in Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $37,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares during the last quarter. 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.