Investors Sell Tesla (TSLA) on Strength (TSLA)

Traders sold shares of Tesla Inc (NASDAQ:TSLA) on strength during trading hours on Monday. $387.01 million flowed into the stock on the tick-up and $429.34 million flowed out of the stock on the tick-down, for a money net flow of $42.33 million out of the stock. Of all equities tracked, Tesla had the 19th highest net out-flow for the day. Tesla traded up $0.58 for the day and closed at $299.68

Several equities research analysts have recently issued reports on the company. Robert W. Baird set a $411.00 price objective on Tesla and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group set a $210.00 price target on Tesla and gave the stock a “sell” rating in a report on Monday. Vertical Group reiterated a “sell” rating on shares of Tesla in a report on Wednesday, September 19th. UBS Group set a $190.00 price target on Tesla and gave the stock a “sell” rating in a report on Tuesday, September 18th. Finally, Morgan Stanley set a $291.00 price target on Tesla and gave the stock a “hold” rating in a report on Tuesday, September 18th. Fourteen investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $312.54.

The firm has a market capitalization of $51.02 billion, a P/E ratio of -25.69 and a beta of 0.87. The company has a quick ratio of 0.37, a current ratio of 0.73 and a debt-to-equity ratio of 2.01.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 1st. The electric vehicle producer reported ($3.06) EPS for the quarter, topping the consensus estimate of ($3.61) by $0.55. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.93 billion. Tesla had a negative return on equity of 50.84% and a negative net margin of 19.89%. Tesla’s quarterly revenue was up 43.5% on a year-over-year basis. During the same period last year, the business posted ($1.33) EPS. analysts forecast that Tesla Inc will post -10.77 EPS for the current year.

In other Tesla news, Director Kimbal Musk sold 1,875 shares of the firm’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $358.26, for a total transaction of $671,737.50. Following the transaction, the director now directly owns 150,208 shares in the company, valued at approximately $53,813,518.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Northwest Wealth Management LLC purchased a new position in shares of Tesla in the 2nd quarter valued at $103,000. Institutional & Family Asset Management LLC purchased a new position in shares of Tesla in the 1st quarter valued at $114,000. Stelac Advisory Services LLC purchased a new position in shares of Tesla in the 2nd quarter valued at $114,000. BerganKDV Wealth Management LLC purchased a new position in shares of Tesla in the 2nd quarter valued at $124,000. Finally, Mogy Joel R Investment Counsel Inc. purchased a new position in shares of Tesla in the 2nd quarter valued at $201,000. Institutional investors own 62.00% of the company’s stock.

About Tesla (NASDAQ:TSLA)

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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