Tesla (NASDAQ:TSLA – Free Report) had its price objective increased by Guggenheim from $126.00 to $134.00 in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. Guggenheim currently has a sell rating on the electric vehicle producer’s stock.
Other research analysts also recently issued research reports about the stock. Mizuho dropped their target price on shares of Tesla from $195.00 to $180.00 and set a neutral rating on the stock in a research note on Wednesday, April 24th. Sanford C. Bernstein reaffirmed an underperform rating and set a $120.00 price target on shares of Tesla in a report on Monday, June 10th. Oppenheimer reaffirmed a market perform rating on shares of Tesla in a report on Tuesday. Stifel Nicolaus started coverage on shares of Tesla in a report on Tuesday, June 25th. They issued a buy rating and a $265.00 target price on the stock. Finally, Cantor Fitzgerald reiterated an overweight rating and set a $230.00 target price on shares of Tesla in a research note on Monday. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $189.47.
Get Our Latest Research Report on Tesla
Tesla Stock Performance
Shares of TSLA opened at $246.39 on Wednesday. Tesla has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $785.79 billion, a P/E ratio of 62.85, a P/E/G ratio of 4.91 and a beta of 2.31. The business’s 50 day moving average price is $180.89 and its 200-day moving average price is $190.93.
Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Equities research analysts anticipate that Tesla will post 1.86 earnings per share for the current fiscal year.
Insider Buying and Selling at Tesla
In related news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.
Institutional Investors Weigh In On Tesla
Hedge funds have recently bought and sold shares of the business. Scotia Capital Inc. lifted its holdings in shares of Tesla by 2.4% in the 3rd quarter. Scotia Capital Inc. now owns 87,131 shares of the electric vehicle producer’s stock valued at $21,804,000 after acquiring an additional 2,018 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Tesla by 7.0% during the third quarter. Royal London Asset Management Ltd. now owns 1,214,065 shares of the electric vehicle producer’s stock valued at $303,844,000 after purchasing an additional 79,612 shares during the period. Objective Capital Management LLC lifted its stake in shares of Tesla by 10.8% in the 3rd quarter. Objective Capital Management LLC now owns 1,610 shares of the electric vehicle producer’s stock valued at $403,000 after purchasing an additional 157 shares during the last quarter. FSA Wealth Management LLC boosted its holdings in shares of Tesla by 0.6% in the 3rd quarter. FSA Wealth Management LLC now owns 14,314 shares of the electric vehicle producer’s stock worth $3,582,000 after purchasing an additional 83 shares during the period. Finally, Toroso Investments LLC increased its position in shares of Tesla by 3.7% during the 3rd quarter. Toroso Investments LLC now owns 282,581 shares of the electric vehicle producer’s stock valued at $70,707,000 after purchasing an additional 10,025 shares during the last quarter. Hedge funds and other institutional investors 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.
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