Tesla (NASDAQ:TSLA) Trading Up 2.5%

Tesla, Inc. (NASDAQ:TSLA)’s share price was up 2.5% during mid-day trading on Thursday . The stock traded as high as $214.89 and last traded at $210.96. Approximately 24,095,066 shares were traded during trading, a decline of 75% from the average daily volume of 97,511,758 shares. The stock had previously closed at $205.75.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. Mizuho increased their price target on shares of Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Guggenheim reissued a “sell” rating and set a $134.00 price target on shares of Tesla in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on shares of Tesla from $227.00 to $224.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $245.00 target price on shares of Tesla in a report on Friday, August 16th. Finally, Glj Research increased their price target on Tesla from $22.86 to $24.86 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $204.21.

Tesla Price Performance

The business has a fifty day moving average price of $220.46 and a 200 day moving average price of $192.45. The company has a market cap of $676.50 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 5.52 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in Tesla by 5.0% during the 4th quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock worth $6,203,000 after purchasing an additional 1,189 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Tesla in the fourth quarter valued at $310,000. DDFG Inc lifted its holdings in Tesla by 7.1% in the fourth quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 71 shares during the period. Vantage Financial Partners LLC boosted its position in Tesla by 6.4% during the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after acquiring an additional 346 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in Tesla by 8.7% during the 4th quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock worth $3,357,000 after acquiring an additional 1,086 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

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.