Tesla (NASDAQ:TSLA) Trading 0.1% Higher – Should You Buy?

Tesla, Inc. (NASDAQ:TSLA) rose 0.1% on Thursday . The company traded as high as $297.23 and last traded at $291.11. Approximately 42,054,862 shares changed hands during trading, a decline of 45% from the average daily volume of 76,653,867 shares. The stock had previously closed at $290.80.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. UBS Group upped their target price on Tesla from $226.00 to $259.00 and gave the stock a “sell” rating in a research note on Thursday, January 30th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Finally, Guggenheim reiterated a “sell” rating on shares of Tesla in a research report on Tuesday. Ten investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $319.57.

Tesla Trading Down 3.0 %

The stock has a 50-day moving average of $390.99 and a two-hundred day moving average of $315.51. The company has a market cap of $906.90 billion, a P/E ratio of 138.21, a price-to-earnings-growth ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last announced 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, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $37,226,491.76. This trade represents a 6.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 75,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,386 shares of company stock worth $195,995,200 over the last 90 days. 20.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tesla

Several hedge funds and other institutional investors have recently modified their holdings of TSLA. Swedbank AB lifted its stake in shares of Tesla by 2.8% in the 3rd quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after purchasing an additional 29,669 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Tesla by 37.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,457 shares of the electric vehicle producer’s stock worth $900,000 after acquiring an additional 947 shares during the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Tesla during the 3rd quarter valued at $215,000. Jacobsen Capital Management increased its stake in shares of Tesla by 19.6% in the 3rd quarter. Jacobsen Capital Management now owns 4,767 shares of the electric vehicle producer’s stock worth $1,247,000 after purchasing an additional 780 shares in the last quarter. Finally, Eagle Strategies LLC raised its holdings in Tesla by 41.4% in the 3rd quarter. Eagle Strategies LLC now owns 6,780 shares of the electric vehicle producer’s stock worth $1,774,000 after purchasing an additional 1,985 shares during the period. 66.20% of the stock is 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.