Brokerages Set Tesla, Inc. (NASDAQ:TSLA) Target Price at $295.69

Tesla, Inc. (NASDAQ:TSLA) has been given an average rating of “Hold” by the forty analysts that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $299.33.

Several equities analysts recently issued reports on TSLA shares. Morgan Stanley upped their target price on Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group raised their price objective on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Roth Capital raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Cantor Fitzgerald raised their price target on shares of Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now owns 85,000 shares in the company, valued at $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 621,886 shares of company stock worth $213,451,751. Insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Oak Ridge Investments LLC increased its holdings in shares of Tesla by 6.0% in the fourth quarter. Oak Ridge Investments LLC now owns 40,815 shares of the electric vehicle producer’s stock valued at $16,483,000 after purchasing an additional 2,312 shares during the last quarter. GenWealth Group Inc. acquired a new stake in shares of Tesla in the 4th quarter worth $213,000. Aaron Wealth Advisors LLC raised its holdings in shares of Tesla by 25.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,410 shares of the electric vehicle producer’s stock worth $5,415,000 after acquiring an additional 2,680 shares during the period. Whitaker Myers Wealth Managers LTD. boosted its position in shares of Tesla by 4.2% during the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 4,529 shares of the electric vehicle producer’s stock valued at $1,829,000 after acquiring an additional 183 shares during the last quarter. Finally, BNC Wealth Management LLC grew its holdings in shares of Tesla by 2.1% in the fourth quarter. BNC Wealth Management LLC now owns 40,946 shares of the electric vehicle producer’s stock valued at $16,536,000 after purchasing an additional 843 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of TSLA stock opened at $428.22 on Monday. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 117.32, a PEG ratio of 10.80 and a beta of 2.30. The stock’s 50-day simple moving average is $382.71 and its 200-day simple moving average is $284.69.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The company 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%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, equities analysts forecast that Tesla will post 1.99 earnings per share for the current fiscal year.

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.