Tesla (NASDAQ:TSLA) Stock Price Up 0.1% – Should You Buy?

Tesla, Inc. (NASDAQ:TSLA) shares traded up 0.1% during trading on Thursday . The company traded as high as $402.50 and last traded at $394.94. 72,821,968 shares were traded during trading, a decline of 17% from the average session volume of 87,822,344 shares. The stock had previously closed at $394.36.

Analysts Set New Price Targets

Several brokerages have recently commented on TSLA. Robert W. Baird increased their price objective on Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Truist Financial restated a “hold” rating and set a $360.00 price objective on shares of Tesla in a research note on Thursday, January 2nd. Wedbush reiterated an “outperform” rating and issued a $400.00 target price on shares of Tesla in a research note on Monday, November 18th. 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 report on Monday, January 6th. Finally, UBS Group upped their price objective on shares of Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a research report on Monday, November 25th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $295.69.

Tesla Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a 50 day moving average price of $376.60 and a 200-day moving average price of $280.59. The stock has a market capitalization of $1.27 trillion, a P/E ratio of 108.15, a PEG ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’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 completion of the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock valued at $213,451,751 in the last quarter. Insiders own 20.70% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently bought and sold shares of TSLA. West Oak Capital LLC boosted its position in shares of Tesla by 358.8% in the 4th quarter. West Oak Capital LLC now owns 234 shares of the electric vehicle producer’s stock worth $94,000 after purchasing an additional 183 shares in the last quarter. Graypoint LLC grew its holdings in shares of Tesla by 12.6% in the fourth quarter. Graypoint LLC now owns 19,087 shares of the electric vehicle producer’s stock worth $7,708,000 after acquiring an additional 2,129 shares during the period. RMR Wealth Builders lifted its holdings in Tesla by 72.0% in the fourth quarter. RMR Wealth Builders now owns 15,376 shares of the electric vehicle producer’s stock valued at $6,209,000 after acquiring an additional 6,439 shares during the period. Tilia Fiduciary Partners Inc. bought a new stake in shares of Tesla during the 4th quarter valued at about $219,000. Finally, Trinity Financial Advisors LLC grew its position in Tesla by 24.8% during the fourth quarter. Trinity Financial Advisors LLC now owns 1,272 shares of the electric vehicle producer’s stock valued at $482,000 after buying an additional 253 shares during the period. 66.20% of the stock is owned by institutional investors.

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.