Traders Sell Shares of Tesla (TSLA) on Strength (TSLA)

Traders sold shares of Tesla Inc (NASDAQ:TSLA) on strength during trading hours on Monday. $633.90 million flowed into the stock on the tick-up and $684.63 million flowed out of the stock on the tick-down, for a money net flow of $50.73 million out of the stock. Of all stocks tracked, Tesla had the 14th highest net out-flow for the day. Tesla traded up $7.04 for the day and closed at $312.84

Several research firms have commented on TSLA. Canaccord Genuity upgraded Tesla from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $330.00 to $450.00 in a research note on Monday. ValuEngine lowered Tesla from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reiterated a “sell” rating and set a $245.00 price objective on shares of Tesla in a research note on Wednesday, February 6th. Morgan Stanley reiterated an “equal weight” rating and set a $283.00 price objective (down from $291.00) on shares of Tesla in a research note on Tuesday, February 5th. Finally, DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Monday, February 4th. Fourteen investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $328.46.

The firm has a market capitalization of $52.52 billion, a price-to-earnings ratio of -54.69, a P/E/G ratio of 4.61 and a beta of 0.56. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.93. Tesla had a negative return on equity of 19.08% and a negative net margin of 4.55%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same period in the prior year, the firm posted ($3.04) earnings per share. The firm’s quarterly revenue was up 119.8% on a year-over-year basis. Research analysts forecast that Tesla Inc will post 1.89 EPS for the current year.

In related news, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $348.22, for a total value of $5,843,131.60. Following the transaction, the director now directly owns 17,018 shares in the company, valued at $5,926,007.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $360.28, for a total value of $360,280.00. Following the completion of the transaction, the insider now owns 8,598 shares in the company, valued at $3,097,687.44. The disclosure for this sale can be found here. Insiders sold 83,070 shares of company stock worth $26,968,398 over the last quarter. 22.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Vanguard Group Inc. lifted its stake in Tesla by 0.8% during the third quarter. Vanguard Group Inc. now owns 7,036,426 shares of the electric vehicle producer’s stock worth $1,863,034,000 after purchasing an additional 59,018 shares in the last quarter. Vanguard Group Inc lifted its stake in Tesla by 0.8% during the third quarter. Vanguard Group Inc now owns 7,036,426 shares of the electric vehicle producer’s stock worth $1,863,034,000 after purchasing an additional 59,018 shares in the last quarter. Capital World Investors lifted its stake in Tesla by 11.9% during the third quarter. Capital World Investors now owns 6,817,290 shares of the electric vehicle producer’s stock worth $1,805,014,000 after purchasing an additional 726,703 shares in the last quarter. Jennison Associates LLC lifted its stake in Tesla by 10.5% during the fourth quarter. Jennison Associates LLC now owns 5,322,358 shares of the electric vehicle producer’s stock worth $1,771,281,000 after purchasing an additional 505,076 shares in the last quarter. Finally, Primecap Management Co. CA lifted its stake in Tesla by 1.0% during the third quarter. Primecap Management Co. CA now owns 1,106,015 shares of the electric vehicle producer’s stock worth $292,840,000 after purchasing an additional 10,900 shares in the last quarter. Hedge funds and other institutional investors own 56.94% of the company’s stock.

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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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