Tesla Inc (NASDAQ:TSLA) shot up 0% during mid-day trading on Monday . The stock traded as high as $347.21 and last traded at $345.51. 8,253,817 shares changed hands during trading, an increase of 44% from the average session volume of 5,747,508 shares. The stock had previously closed at $345.51.
Several research firms have recently issued reports on TSLA. BidaskClub upgraded Tesla from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Vetr cut Tesla from a “hold” rating to a “sell” rating and set a $341.15 price objective on the stock. in a report on Monday, February 26th. Zacks Investment Research cut Tesla from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Piper Jaffray Companies set a $385.00 price objective on Tesla and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, UBS Group raised their price objective on Tesla to $365.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. Tesla has a consensus rating of “Hold” and an average price target of $321.86.
The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. The firm has a market cap of $58,070.00, a PE ratio of -46.13 and a beta of 1.01.
In other news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $340.67, for a total value of $476,938.00. Following the sale, the vice president now directly owns 21,528 shares in the company, valued at $7,333,943.76. The disclosure for this sale can be found here. Insiders sold 9,119 shares of company stock worth $2,983,344 over the last three months. 23.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TSLA. Wealthcare Advisory Partners LLC purchased a new stake in shares of Tesla during the third quarter worth about $100,000. Truewealth LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $102,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Tesla during the third quarter worth about $106,000. Avestar Capital LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $144,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth about $203,000. 58.30% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Tesla (TSLA) Shares Up 0%” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/03/12/tesla-tsla-shares-up-0.html.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.