Shares of Tesla, Inc. (NASDAQ:TSLA) have been given an average rating of “Hold” by the thirty-seven research firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $889.87.
A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “sell” rating on shares of Tesla in a research note on Wednesday, October 6th. Barclays upped their price objective on shares of Tesla from $300.00 to $325.00 and gave the stock an “underweight” rating in a report on Wednesday. Robert W. Baird increased their price target on shares of Tesla from $764.00 to $888.00 and gave the company an “outperform” rating in a report on Thursday, October 21st. Zacks Investment Research upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating and set a $910.00 price target on the stock in a report on Tuesday, September 28th. Finally, New Street Research increased their price target on shares of Tesla from $1,298.00 to $1,580.00 and gave the company a “buy” rating in a report on Wednesday, December 8th.
In related news, CAO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction on Monday, October 18th. The shares were sold at an average price of $864.31, for a total transaction of $6,050,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 917 shares of the firm’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $980.47, for a total transaction of $899,090.99. The disclosure for this sale can be found here. Insiders have sold a total of 4,292,621 shares of company stock worth $4,500,554,314 over the last 90 days. Insiders own 25.00% of the company’s stock.
Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Tesla by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 12,311,100 shares of the electric vehicle producer’s stock worth $8,342,557,000 after purchasing an additional 339,745 shares during the period. Stevard LLC purchased a new position in shares of Tesla during the 2nd quarter worth about $1,907,000. Ballentine Partners LLC boosted its stake in shares of Tesla by 1.9% during the 3rd quarter. Ballentine Partners LLC now owns 7,486 shares of the electric vehicle producer’s stock worth $5,804,000 after purchasing an additional 139 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Tesla by 14.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 142,161 shares of the electric vehicle producer’s stock worth $96,627,000 after purchasing an additional 17,698 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Tesla by 5.5% during the 3rd quarter. Fifth Third Bancorp now owns 45,935 shares of the electric vehicle producer’s stock worth $35,622,000 after purchasing an additional 2,377 shares during the period. 39.18% of the stock is owned by institutional investors and hedge funds.
TSLA stock traded down $37.74 during trading on Friday, reaching $1,026.96. The company had a trading volume of 27,993,768 shares, compared to its average volume of 30,611,023. Tesla has a 52 week low of $539.49 and a 52 week high of $1,243.49. The company has a market cap of $1.03 trillion, a P/E ratio of 332.35, a PEG ratio of 6.70 and a beta of 1.98. The business has a 50 day moving average of $1,073.23 and a 200 day moving average of $858.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.10.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, October 19th. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.90. Tesla had a net margin of 7.40% and a return on equity of 13.81%. The company had revenue of $13.76 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. Tesla’s revenue was up 56.8% on a year-over-year basis. Research analysts expect that Tesla will post 4.21 earnings per share for the current year.
Tesla Company Profile
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage.