Tesla (NASDAQ:TSLA) Price Target Raised to $492.00 at Stifel Nicolaus

Tesla (NASDAQ:TSLA) had its target price boosted by Stifel Nicolaus from $411.00 to $492.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the electric vehicle producer’s stock.

A number of other brokerages also recently commented on TSLA. Evercore ISI increased their price target on Tesla from $195.00 to $275.00 and gave the company an “in-line” rating in a report on Friday. Robert W. Baird increased their target price on Tesla from $280.00 to $480.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Nine analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $292.97.

Tesla Trading Up 0.1 %

TSLA opened at $411.05 on Monday. The firm’s 50 day moving average is $365.34 and its 200-day moving average is $276.00. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.32 trillion, a P/E ratio of 112.62, a P/E/G ratio of 10.80 and a beta of 2.30.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Analysts expect that Tesla will post 1.99 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 514,886 shares of company stock valued at $169,393,831. 20.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Institutional investors have recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in Tesla by 8.1% during the second quarter. Asset Dedication LLC now owns 4,568 shares of the electric vehicle producer’s stock valued at $904,000 after buying an additional 344 shares in the last quarter. MainStreet Investment Advisors LLC acquired a new stake in Tesla in the 2nd quarter valued at about $360,000. Acadian Asset Management LLC boosted its position in shares of Tesla by 39.9% during the 2nd quarter. Acadian Asset Management LLC now owns 61,681 shares of the electric vehicle producer’s stock valued at $12,202,000 after purchasing an additional 17,592 shares in the last quarter. DDFG Inc acquired a new position in shares of Tesla in the 2nd quarter worth approximately $221,000. Finally, Stonekeep Investments LLC bought a new stake in shares of Tesla in the 2nd quarter worth approximately $2,428,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.