2 days Ago By Defense World Staff
Tesla, Inc. (NASDAQ:TSLA – Get Free Report) was down 3.4% on Friday after UBS Group lowered their price target on the stock from $225.
00 to $190.00. UBS Group currently has a sell rating on the stock.
Tesla traded as low as $244.07 and last traded at $243.86.
Approximately 44,806,066 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 95,562,223 shares. The stock had previously closed at $252.40.
Several other research analysts have also recently weighed in on TSLA. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. StockNews.
com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Wedbush dropped their price target on shares of Tesla from $550.00 to $315.
00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Royal Bank of Canada reduced their price target on shares of Tesla from $440.00 to $320.
00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Tesla from $474.00 to $455.
00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Eight investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Hold” and an average target price of $298.59.Read Our Latest Stock Report on TSLAInsider Buying and SellingIn related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Monday, April 7th.
The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00.
Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04.
Following the completion of the sale, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.
30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 374,228 shares of company stock worth $123,791,123.
20.70% of the stock is owned by corporate insiders. Institutional Trading of TeslaSeveral hedge funds have recently modified their holdings of TSLA.
Hengehold Capital Management LLC lifted its position in Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $544,000 after purchasing an additional 24 shares during the last quarter.
Strategic Investment Advisors MI raised its position in shares of Tesla by 0.3% during the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock valued at $2,823,000 after buying an additional 24 shares in the last quarter.
Acropolis Investment Management LLC lifted its holdings in shares of Tesla by 0.9% in the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock valued at $1,136,000 after acquiring an additional 25 shares during the last quarter.
Mount Vernon Associates Inc. MD grew its position in Tesla by 0.3% in the fourth quarter.
Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after acquiring an additional 25 shares in the last quarter. Finally, Vista Finance LLC raised its position in Tesla by 0.
7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock valued at $1,417,000 after purchasing an additional 25 shares during the period. 66.
20% of the stock is owned by hedge funds and other institutional investors. Tesla Price PerformanceThe firm has a market capitalization of $810.42 billion, a P/E ratio of 123.
51, a price-to-earnings-growth ratio of 5.86 and a beta of 2.58.
The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.
08. The firm has a 50 day moving average price of $285.19 and a 200-day moving average price of $323.
09. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.
66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08).
Tesla had a return on equity of 10.31% and a net margin of 7.26%.
On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.
About Tesla (Get Free Report)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.
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