Tesla (NASDAQ:TSLA) Shares Up 0.4%

Tesla, Inc. (NASDAQ:TSLA)’s share price rose 0.4% on Friday . The company traded as high as $252.37 and last traded at $247.38. Approximately 60,581,590 shares traded hands during trading, a decline of 37% from the average daily volume of 96,788,391 shares. The stock had previously closed at $246.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSLA shares. Roth Mkm reiterated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Jefferies Financial Group decreased their price objective on shares of Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Barclays lowered their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. reduced their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $192.71.

Tesla Trading Up 0.2 %

The company has a 50-day moving average price of $184.10 and a two-hundred day moving average price of $191.70. The stock has a market cap of $787.19 billion, a P/E ratio of 63.11, a P/E/G ratio of 6.11 and a beta of 2.31. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. On average, research analysts expect that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on 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 transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS raised its position in shares of Tesla by 24.9% in the 2nd quarter. DNB Asset Management AS now owns 748,860 shares of the electric vehicle producer’s stock valued at $148,184,000 after purchasing an additional 149,246 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in Tesla by 9.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,841 shares of the electric vehicle producer’s stock valued at $760,000 after buying an additional 337 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Tesla by 35.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 49,567 shares of the electric vehicle producer’s stock worth $9,808,000 after buying an additional 13,081 shares during the period. First Hawaiian Bank lifted its stake in Tesla by 2.0% during the 2nd quarter. First Hawaiian Bank now owns 7,296 shares of the electric vehicle producer’s stock valued at $1,444,000 after acquiring an additional 144 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Tesla by 48.3% in the 2nd quarter. GAMMA Investing LLC now owns 14,682 shares of the electric vehicle producer’s stock valued at $2,905,000 after acquiring an additional 4,781 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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.