Tesla (NASDAQ:TSLA) Maintains Steady Stock Price

Tesla (NASDAQ:TSLA) Maintains Steady Stock Price

Tesla, Inc. (NASDAQ:TSLAGet Free Report)’s stock price traded down 0% during mid-day trading on Monday . The company traded as low as $168.73 and last traded at $170.82. 33,911,045 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 102,544,242 shares. The stock had previously closed at $170.83.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSLA shares. The Goldman Sachs Group reduced their target price on shares of Tesla from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Guggenheim upped their target price on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. dropped their target price on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday, January 26th. Finally, Daiwa Capital Markets cut Tesla from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $245.00 to $195.00 in a research note on Tuesday, February 6th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $209.15.

Get Our Latest Stock Report on TSLA

Tesla Trading Up 1.0 %

The company’s fifty day moving average is $190.26 and its 200-day moving average is $223.41. The stock has a market cap of $549.63 billion, a PE ratio of 39.63, a PEG ratio of 3.84 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. On average, analysts predict that Tesla, Inc. will post 2.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated 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 transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were 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 of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,598 shares of company stock valued at $36,952,434. Corporate insiders own 20.90% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Tesla during the 4th quarter worth approximately $7,844,757,000. Moneta Group Investment Advisors LLC lifted its holdings in Tesla by 180,125.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock worth $3,307,602,000 after buying an additional 26,836,879 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Tesla by 203.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,208,699 shares of the electric vehicle producer’s stock worth $5,360,358,000 after buying an additional 13,558,882 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Tesla by 25,990.7% during the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after purchasing an additional 6,179,032 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Tesla by 26.3% during the fourth quarter. Morgan Stanley now owns 25,427,168 shares of the electric vehicle producer’s stock worth $3,132,119,000 after purchasing an additional 5,292,464 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Company Profile

(Get Free Report)

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.

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