Tesla (NASDAQ:TSLA) Trading Down 1.2%

Tesla, Inc. (NASDAQ:TSLA) shares dropped 1.2% on Monday . The company traded as low as $173.82 and last traded at $175.38. Approximately 26,792,981 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 100,771,633 shares. The stock had previously closed at $177.46.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research reports. Evercore ISI lowered their price target on Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, April 29th. UBS Group lowered their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. TD Cowen lowered their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Finally, Barclays lowered their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Stock Down 2.3 %

The firm has a 50 day moving average price of $170.94 and a two-hundred day moving average price of $201.90. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $581.33 billion, a price-to-earnings ratio of 47.60, a P/E/G ratio of 4.83 and a beta of 2.41.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, sell-side analysts expect that Tesla, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,097 shares of company stock worth $37,877,471. Corporate insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Hedge funds have recently made changes to their positions in the business. WealthPlan Investment Management LLC boosted its position in shares of Tesla by 20,641.9% during the third quarter. WealthPlan Investment Management LLC now owns 12,860 shares of the electric vehicle producer’s stock worth $3,218,000 after buying an additional 12,798 shares during the period. Machina Capital S.A.S. acquired a new stake in Tesla in the third quarter worth approximately $209,000. US Bancorp DE lifted its position in Tesla by 2.9% in the third quarter. US Bancorp DE now owns 253,584 shares of the electric vehicle producer’s stock worth $63,452,000 after purchasing an additional 7,173 shares during the period. D.B. Root & Company LLC lifted its position in Tesla by 1.1% in the third quarter. D.B. Root & Company LLC now owns 6,838 shares of the electric vehicle producer’s stock worth $1,711,000 after purchasing an additional 75 shares during the period. Finally, Column Capital Advisors LLC lifted its position in Tesla by 9.6% in the third quarter. Column Capital Advisors LLC now owns 1,527 shares of the electric vehicle producer’s stock worth $382,000 after purchasing an additional 134 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

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.