Tesla, Inc. (NASDAQ:TSLA - Get Free Report) was down 0.9% during mid-day trading on Friday . The company traded as low as $367.28 and last traded at $370.83. Approximately 27,872,957 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 72,731,859 shares. The stock had previously closed at $374.32.
A number of research analysts have commented on TSLA shares. Stifel Nicolaus upped their price target on Tesla from $411.00 to $492.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Evercore ISI lifted their target price on Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Finally, Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $322.29.
Check Out Our Latest Report on Tesla
The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a 50-day simple moving average of $408.27 and a 200-day simple moving average of $303.53. The company has a market cap of $1.16 trillion, a price-to-earnings ratio of 177.27, a PEG ratio of 6.22 and a beta of 2.34.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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 predict that Tesla, Inc. will post 2.54 earnings per share for the current year.
In related news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 664,776 shares of company stock valued at $239,746,862. 20.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Warwick Investment Management Inc. raised its position in shares of Tesla by 2.6% in the 4th quarter. Warwick Investment Management Inc. now owns 1,747 shares of the electric vehicle producer's stock worth $706,000 after buying an additional 44 shares during the period. Windle Wealth LLC acquired a new stake in Tesla during the 4th quarter worth approximately $287,000. Prosperity Financial Group Inc. lifted its position in Tesla by 53.5% during the fourth quarter. Prosperity Financial Group Inc. now owns 6,303 shares of the electric vehicle producer's stock valued at $2,545,000 after buying an additional 2,198 shares in the last quarter. Warburton Capital Management LLC purchased a new position in shares of Tesla in the 4th quarter valued at $285,000. Finally, Natural Investments LLC acquired a new position in shares of Tesla during the 4th quarter valued at $425,000. 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.
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