Tesla (NASDAQ:TSLA – Free Report) had its target price upped by Wedbush from $275.00 to $300.00 in a report issued on Wednesday morning, MarketBeat reports. Wedbush currently has an outperform rating on the electric vehicle producer’s stock.
A number of other equities analysts have also recently commented on TSLA. Guggenheim lifted their price target on Tesla from $126.00 to $134.00 and gave the stock a sell rating in a research note on Wednesday. Jefferies Financial Group lowered their price target on shares of Tesla from $185.00 to $165.00 and set a hold rating for the company in a report on Wednesday, April 10th. Roth Mkm reissued a neutral rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, April 24th. HSBC decreased their price objective on shares of Tesla from $138.00 to $120.00 and set a reduce rating on the stock in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $123.00 to $136.00 and gave the stock a hold rating in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Tesla has a consensus rating of Hold and an average price target of $189.47.
Check Out Our Latest Stock Analysis on Tesla
Tesla Price Performance
Shares of Tesla stock opened at $246.39 on Wednesday. The stock has a market capitalization of $785.79 billion, a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. The company has a fifty day moving average of $180.89 and a 200-day moving average of $190.93. Tesla has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Equities research analysts expect that Tesla will post 1.86 EPS for the current year.
Insider Activity at Tesla
In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now 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 SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Tesla
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Tesla during the 4th quarter valued at $7,844,757,000. International Assets Investment Management LLC lifted its holdings in shares of Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock valued at $1,541,273,000 after buying an additional 6,179,032 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock valued at $57,102,287,000 after buying an additional 3,866,361 shares during the period. Morgan Stanley lifted its holdings in shares of Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock valued at $7,546,823,000 after buying an additional 2,177,397 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Tesla by 2,101.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer’s stock valued at $365,064,000 after buying an additional 1,402,443 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Company Profile
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.
Further Reading
Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.
