Brokerages Set Tesla, Inc. (NASDAQ:TSLA) PT at $272.06

Tesla, Inc. (NASDAQ:TSLA) has received a consensus recommendation of “Hold” from the forty analysts that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $272.06.

A number of equities research analysts have recently weighed in on TSLA shares. Robert W. Baird boosted their price target on Tesla from $280.00 to $480.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Mizuho raised shares of Tesla from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $515.00 in a report on Tuesday, December 17th. Jefferies Financial Group boosted their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, UBS Group upped their target price on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 522,886 shares of company stock worth $171,393,831. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently bought and sold shares of the business. Valley Wealth Managers Inc. purchased a new stake in Tesla in the 2nd quarter valued at $26,000. Abich Financial Wealth Management LLC grew its holdings in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Transcendent Capital Group LLC acquired a new stake in Tesla during the third quarter worth about $29,000. Clean Yield Group raised its stake in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the period. Finally, Peterson Financial Group Inc. acquired a new position in Tesla in the 3rd quarter valued at about $35,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 3.5 %

NASDAQ:TSLA opened at $421.06 on Thursday. The firm has a 50 day moving average of $322.89 and a 200 day moving average of $256.48. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla has a 52 week low of $138.80 and a 52 week high of $488.54. The stock has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 115.36, a PEG ratio of 10.80 and a beta of 2.36.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter last year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla will post 1.99 earnings per share for the current fiscal year.

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.