Analysts Set Tesla, Inc. (NASDAQ:TSLA) Price Target at $318.34

Tesla, Inc. (NASDAQ:TSLA) has received an average rating of “Hold” from the thirty-eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $317.75.

Several research firms have weighed in on TSLA. Wells Fargo & Company lowered their target price on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Glj Research restated a “buy” rating on shares of Tesla in a report on Tuesday, March 11th. Roth Capital upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group reiterated a “cautious” rating on shares of Tesla in a research report on Monday, March 3rd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $404.00 price objective on shares of Tesla in a research report on Monday, March 17th.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 477,228 shares of company stock valued at $166,849,043. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On Tesla

Institutional investors have recently added to or reduced their stakes in the company. Milestone Asset Management Group LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $1,186,000. Avant Financial Advisors LLC acquired a new stake in Tesla during the 4th quarter valued at approximately $519,000. Fire Capital Management LLC purchased a new stake in Tesla during the 4th quarter worth approximately $5,424,000. Fulcrum Equity Management raised its position in shares of Tesla by 4.7% in the 4th quarter. Fulcrum Equity Management now owns 1,103 shares of the electric vehicle producer’s stock valued at $445,000 after purchasing an additional 50 shares in the last quarter. Finally, M1 Capital Management LLC purchased a new position in shares of Tesla during the 4th quarter valued at approximately $863,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $259.16 on Friday. The company has a market capitalization of $833.59 billion, a PE ratio of 127.04, a P/E/G ratio of 5.86 and a beta of 2.50. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a 50-day simple moving average of $317.98 and a 200-day simple moving average of $323.21. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts predict that Tesla will post 2.56 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.