Tesla (NASDAQ:TSLA) Stock Price Down 1.5%

Tesla, Inc. (NASDAQ:TSLA) traded down 1.5% during mid-day trading on Monday . The stock traded as low as $194.67 and last traded at $197.03. 23,141,666 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 99,522,688 shares. The stock had previously closed at $200.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSLA. HSBC raised their price objective on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. Canaccord Genuity Group increased their price objective on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Evercore ISI dropped their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Finally, TD Cowen upped their target price on shares of Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $204.21.

Tesla Trading Down 1.2 %

The firm has a fifty day moving average of $212.04 and a 200 day moving average of $190.28. The firm has a market capitalization of $630.28 billion, a PE ratio of 50.26, a P/E/G ratio of 5.18 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts expect that Tesla, Inc. will post 1.79 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tesla

Several large investors have recently modified their holdings of the stock. Lam Group Inc. acquired a new position in shares of Tesla during the fourth quarter valued at $25,000. Bank & Trust Co acquired a new position in Tesla during the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in Tesla in the 2nd quarter worth about $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter valued at approximately $37,000. Finally, Guardian Wealth Management Inc. acquired a new position in shares of Tesla during the fourth quarter worth approximately $47,000. 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.