Tesla (NASDAQ:TSLA) Trading Down 0% – Should You Sell?

Tesla, Inc. (NASDAQ:TSLA) fell 0% during mid-day trading on Tuesday . The company traded as low as $382.13 and last traded at $383.64. 19,663,325 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 73,648,320 shares. The stock had previously closed at $383.68.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price target on Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial boosted their price target on Tesla from $351.00 to $373.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, Guggenheim reaffirmed a “sell” rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.31.

Tesla Trading Down 1.0 %

The firm has a market cap of $1.20 trillion, a P/E ratio of 183.49, a price-to-earnings-growth ratio of 6.79 and a beta of 2.34. The company’s fifty day moving average price is $407.11 and its two-hundred day moving average price is $302.26. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, sell-side analysts predict that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $300.37, for a total value of $2,402,960.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $31,548,461.84. This trade represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 672,776 shares of company stock worth $242,149,822. Insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in Tesla in the third quarter valued at approximately $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Tesla in the 4th quarter worth $46,000. PayPay Securities Corp grew its stake in shares of Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock worth $49,000 after purchasing an additional 69 shares during the period. Clean Yield Group increased its holdings in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in Tesla during the third quarter worth about $35,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Tesla

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.