Tesla (NASDAQ:TSLA) Trading Up 4% – Still a Buy?

Tesla, Inc. (NASDAQ:TSLA)’s share price was up 4% during trading on Wednesday . The stock traded as high as $466.33 and last traded at $462.07. Approximately 84,897,586 shares were traded during trading, a decline of 16% from the average daily volume of 101,028,430 shares. The stock had previously closed at $444.26.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSLA shares. Evercore ISI upped their price target on shares of Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Stifel Nicolaus set a $483.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and eleven have given a Sell rating to the company’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $391.08.

Tesla Stock Up 4.0%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 308.05, a P/E/G ratio of 16.84 and a beta of 2.08. The stock’s fifty day simple moving average is $414.80 and its two-hundred day simple moving average is $351.91.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently bought and sold shares of TSLA. MCF Advisors LLC increased its holdings in shares of Tesla by 2.5% in the 3rd quarter. MCF Advisors LLC now owns 4,750 shares of the electric vehicle producer’s stock valued at $2,113,000 after purchasing an additional 118 shares during the period. Nikulski Financial Inc. increased its holdings in shares of Tesla by 65.4% in the 3rd quarter. Nikulski Financial Inc. now owns 2,577 shares of the electric vehicle producer’s stock valued at $1,146,000 after purchasing an additional 1,019 shares during the period. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Tesla by 1.3% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 10,458 shares of the electric vehicle producer’s stock valued at $4,651,000 after purchasing an additional 139 shares during the period. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Tesla by 120.9% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 1,363 shares of the electric vehicle producer’s stock valued at $606,000 after purchasing an additional 746 shares during the period. Finally, American Asset Management Inc. increased its holdings in shares of Tesla by 18.9% in the 3rd quarter. American Asset Management Inc. now owns 944 shares of the electric vehicle producer’s stock valued at $420,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

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.