Tesla (NASDAQ:TSLA) Trading Down 4.5%

Tesla, Inc. (NASDAQ:TSLA)’s stock price was down 4.5% during trading on Monday . The company traded as low as $182.73 and last traded at $198.35. Approximately 45,306,031 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 100,535,063 shares. The stock had previously closed at $207.67.

Analysts Set New Price Targets

A number of brokerages have commented on TSLA. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Monday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research note on Monday, July 29th. Wells Fargo & Company reiterated an “underweight” rating and issued a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Robert W. Baird reissued an “outperform” rating and set a $280.00 target price on shares of Tesla in a research note on Tuesday, July 16th. Finally, Citigroup decreased their price target on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $204.30.

Tesla Trading Down 4.8 %

The firm’s 50-day simple moving average is $210.01 and its 200 day simple moving average is $190.70. The firm has a market cap of $630.47 billion, a P/E ratio of 50.60, a price-to-earnings-growth ratio of 5.37 and a beta of 2.31. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

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

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lam Group Inc. bought a new stake in Tesla during the fourth quarter valued at $25,000. Bank & Trust Co bought a new stake in Tesla during the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla during the 4th quarter valued at $37,000. Kessler Investment Group LLC lifted its holdings in shares of Tesla by 35.9% during the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 51 shares during the last quarter. Finally, Aspect Partners LLC grew its position in Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after acquiring an additional 114 shares in 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.