Tesla, Inc. (NASDAQ:TSLA) Receives $230.18 Average PT from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLA) have received an average rating of “Hold” from the thirty-nine analysts that are presently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $231.06.

TSLA has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Glj Research reaffirmed a “sell” rating and issued a $24.86 target price on shares of Tesla in a report on Thursday, October 17th. HSBC reaffirmed a “reduce” rating and issued a $124.00 target price on shares of Tesla in a report on Friday, October 11th. UBS Group increased their price objective on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a report on Monday. Finally, Guggenheim increased their price objective on Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a report on Thursday, October 24th.

Tesla Stock Performance

Shares of Tesla stock opened at $338.23 on Friday. The company has a market cap of $1.09 trillion, a PE ratio of 92.67, a price-to-earnings-growth ratio of 11.45 and a beta of 2.29. Tesla has a 52 week low of $138.80 and a 52 week high of $361.93. The business has a 50 day moving average price of $268.52 and a 200-day moving average price of $229.16. 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 (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. Equities analysts anticipate that Tesla will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated 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 approximately $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 over the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently modified their holdings of the business. Tri Ri Asset Management Corp bought a new stake in shares of Tesla in the third quarter worth about $11,145,000. Peapack Gladstone Financial Corp grew its stake in shares of Tesla by 2.6% in the third quarter. Peapack Gladstone Financial Corp now owns 15,845 shares of the electric vehicle producer’s stock worth $4,146,000 after purchasing an additional 403 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Tesla by 10.0% in the third quarter. Synovus Financial Corp now owns 28,160 shares of the electric vehicle producer’s stock worth $7,368,000 after purchasing an additional 2,571 shares during the last quarter. Blankinship & Foster LLC bought a new stake in shares of Tesla in the third quarter worth about $1,243,000. Finally, Destination Wealth Management grew its stake in shares of Tesla by 12.1% in the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer’s stock worth $3,296,000 after purchasing an additional 1,359 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

About Tesla

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.