Tesla (NASDAQ:TSLA) Shares Gap Down to $147.05

Tesla, Inc. (NASDAQ:TSLA)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $147.05, but opened at $140.56. Tesla shares last traded at $140.25, with a volume of 51,036,515 shares.

Analysts Set New Price Targets

TSLA has been the topic of several recent research reports. Edward Jones lowered shares of Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Redburn Atlantic began coverage on Tesla in a research report on Wednesday, January 24th. They set a “sell” rating and a $170.00 price target for the company. Mizuho reissued a “neutral” rating and issued a $195.00 price target (down from $270.00) on shares of Tesla in a report on Monday, March 25th. Truist Financial dropped their price objective on shares of Tesla from $193.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company lowered their price target 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. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $194.33.

Tesla Price Performance

The company has a market cap of $460.78 billion, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 3.75 and a beta of 2.39. The stock has a 50 day simple moving average of $176.81 and a two-hundred day simple moving average of $209.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 in the last 90 days. Insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Hedge funds have recently bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in shares of Tesla in the fourth quarter worth $25,000. Mendota Financial Group LLC increased its position in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV raised its stake in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after acquiring an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in Tesla in the fourth quarter valued at $37,000. Institutional investors and hedge funds 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.