Tesla (NASDAQ:TSLA) Trading Up 0.8%

Tesla, Inc. (NASDAQ:TSLA)’s stock price shot up 0.8% during trading on Monday . The company traded as high as $187.56 and last traded at $182.63. 39,026,619 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 103,885,867 shares. The stock had previously closed at $181.19.

Analysts Set New Price Targets

Several analysts have commented on TSLA shares. Evercore ISI decreased their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Edward Jones downgraded shares of Tesla from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. TD Cowen reduced their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Wells Fargo & Company dropped their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, April 12th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research report on Monday, April 22nd. Eight 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $185.90.

Tesla Price Performance

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 stock’s 50-day moving average price is $173.12 and its 200-day moving average price is $204.32. The company has a market capitalization of $557.22 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the company’s 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 sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,803 shares of company stock valued at $56,124,840. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several large investors have recently modified their holdings of TSLA. Mount Vernon Associates Inc. MD boosted its stake in shares of Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Oak Ridge Investments LLC boosted its position in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after buying an additional 1,405 shares in the last quarter. Corient Private Wealth LLC grew its position in Tesla by 3.7% during the 3rd quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock worth $182,352,000 after acquiring an additional 25,943 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in shares of Tesla by 16.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after buying an additional 6,615 shares during the period. Finally, Nordea Investment Management AB increased its position in Tesla by 11.8% in the 4th quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after acquiring an additional 81,729 shares during the period. 66.20% of the stock is currently owned by 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.