Tesla, Inc. (NASDAQ:TSLA) Receives $322.29 Consensus Price Target from Analysts

Shares of Tesla, Inc. (NASDAQ:TSLA) have been given an average recommendation of “Hold” by the thirty-seven analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $322.29.

Several equities analysts have issued reports on TSLA shares. Morgan Stanley upped their price objective on shares of Tesla from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Mizuho restated an “outperform” rating and set a $515.00 target price on shares of Tesla in a report on Thursday, January 30th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, January 30th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Guggenheim reissued a “sell” rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, January 29th.

Tesla Trading Down 3.4 %

Shares of TSLA opened at $361.62 on Friday. Tesla has a 12-month low of $138.80 and a 12-month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.16 trillion, a P/E ratio of 177.27, a P/E/G ratio of 6.22 and a beta of 2.34. The firm has a 50-day moving average price of $408.27 and a 200 day moving average price of $303.93.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. Sell-side analysts forecast that Tesla will post 2.54 EPS for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. This represents a 6.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 560,776 shares of company stock valued at $203,744,862 in the last quarter. Insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. O Connor Financial Group LLC acquired a new stake in shares of Tesla in the third quarter valued at about $206,000. Wedmont Private Capital grew its position in Tesla by 12.5% during the third quarter. Wedmont Private Capital now owns 39,107 shares of the electric vehicle producer’s stock worth $9,418,000 after buying an additional 4,337 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its position in shares of Tesla by 15.0% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 27,102 shares of the electric vehicle producer’s stock valued at $7,091,000 after purchasing an additional 3,530 shares during the period. Enterprise Bank & Trust Co bought a new position in Tesla in the third quarter worth $346,000. Finally, Perpetual Ltd bought a new position in shares of Tesla during the 3rd quarter worth about $655,000. Institutional investors own 66.20% of the company’s stock.

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.