Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s stock price shot up 4.4% during mid-day trading on Friday . The stock traded as high as $435.00 and last traded at $432.06. 33,617,777 shares traded hands during trading, a decline of 56% from the average session volume of 75,602,938 shares. The stock had previously closed at $413.82.
Several brokerages recently issued reports on TSLA. HSBC reaffirmed a "reduce" rating and set a $124.00 target price on shares of Tesla in a research report on Friday, October 11th. Stifel Nicolaus raised their target price on Tesla from $411.00 to $492.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Robert W. Baird raised their target price on Tesla from $280.00 to $480.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Piper Sandler raised their target price on Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Mizuho raised Tesla from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $230.00 to $515.00 in a research report on Tuesday, December 17th. Nine equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $299.33.
Check Out Our Latest Stock Analysis on Tesla
The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 116.85, a P/E/G ratio of 6.53 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The business has a 50 day simple moving average of $389.94 and a 200-day simple moving average of $288.09.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.
In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was 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 105,032 shares in the company, valued at $26,258,000. The trade was a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $26,727,400. The trade was a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 621,886 shares of company stock worth $213,451,751 in the last 90 days. Insiders own 20.70% of the company's stock.
Institutional investors have recently bought and sold shares of the company. World Investment Advisors LLC raised its holdings in Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after acquiring an additional 184,459 shares during the period. Destination Wealth Management raised its holdings in Tesla by 12.1% during the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after acquiring an additional 1,359 shares during the period. Vinva Investment Management Ltd raised its holdings in Tesla by 59.2% during the 3rd quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after acquiring an additional 43,685 shares during the period. MML Investors Services LLC raised its holdings in Tesla by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after acquiring an additional 9,919 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in Tesla by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after acquiring an additional 1,741 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.
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.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.