2 weeks Ago By Defense World Staff
Shares of Tesla, Inc. (NASDAQ:TSLA – Get Free Report) fell 0.2% during mid-day trading on Friday .
The stock traded as low as $237.68 and last traded at $241.17.
83,173,157 shares were traded during trading, a decline of 13% from the average session volume of 95,997,907 shares. The stock had previously closed at $241.55.
Analysts Set New Price TargetsTSLA has been the topic of several research reports. HSBC dropped their price target on Tesla from $165.00 to $130.
00 and set a “reduce” rating on the stock in a report on Thursday, March 27th. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. The Goldman Sachs Group reduced their target price on Tesla from $320.
00 to $275.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. UBS Group lowered their price target on Tesla from $225.
00 to $190.00 and set a “sell” rating on the stock in a report on Thursday, April 10th. Finally, Robert W.
Baird reduced their price objective on Tesla from $440.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th.
Nine research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $292.
18.Read Our Latest Report on TSLATesla Stock Down 0.2 %The company’s 50 day moving average price is $273.
93 and its two-hundred day moving average price is $322.72. The stock has a market cap of $775.
71 billion, a P/E ratio of 118.22, a P/E/G ratio of 5.86 and a beta of 2.
58. The company has a quick ratio of 1.61, a current ratio of 2.
02 and a debt-to-equity ratio of 0.08. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, January 29th.
The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.
08). Tesla had a return on equity of 10.31% and a net margin of 7.
26%. As a group, research analysts expect that Tesla, Inc. will post 2.
56 earnings per share for the current year. Insiders Place Their BetsIn other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.
00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500.
The trade was a 12.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total transaction of $27,590,250.
00. Following the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at $538,274,741.40.
The trade was a 4.88 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold a total of 374,228 shares of company stock worth $123,791,123 over the last 90 days. Company insiders own 20.70% of the company’s stock.
Institutional Investors Weigh In On TeslaHedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its position in Tesla by 79.5% during the 4th quarter.
True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in shares of Tesla by 75.
6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 34 shares during the last quarter.
Pflug Koory LLC increased its position in shares of Tesla by 370.4% in the 1st quarter. Pflug Koory LLC now owns 127 shares of the electric vehicle producer’s stock valued at $33,000 after acquiring an additional 100 shares during the period.
GS Investments Inc. raised its stake in Tesla by 193.3% in the 4th quarter.
GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Finally, Navigoe LLC acquired a new stake in Tesla during the 4th quarter worth about $37,000.
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.Featured ArticlesFive stocks we like better than TeslaWhat is the Australian Securities Exchange (ASX) J.
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