2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $420.00 to $345.00 in a report released on Friday, MarketBeat.
com reports. The brokerage currently has a “buy” rating on the electric vehicle producer’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 30.
90% from the stock’s current price.A number of other analysts have also weighed in on the stock. Morgan Stanley lowered their price objective on shares of Tesla from $430.
00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Barclays upped their price target on shares of Tesla from $270.
00 to $325.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. StockNews.
com lowered shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Benchmark initiated coverage on Tesla in a report on Wednesday, February 12th. They set a “buy” rating and a $475.
00 target price for the company. Finally, Stifel Nicolaus cut their price target on Tesla from $492.00 to $474.
00 and set a “buy” rating on the stock in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Hold” and an average target price of $318.34.Read Our Latest Stock Report on TeslaTesla Price PerformanceTesla stock opened at $263.
55 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.
02 and a quick ratio of 1.61. The stock has a market cap of $847.
71 billion, a price-to-earnings ratio of 129.19, a price-to-earnings-growth ratio of 5.86 and a beta of 2.
50. The firm has a 50-day moving average of $321.33 and a two-hundred day moving average of $322.
34. Tesla has a 1 year low of $138.80 and a 1 year high of $488.
54. Tesla (NASDAQ:TSLA – Get Free Report) last announced 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%.
On average, research analysts forecast that Tesla will post 2.56 earnings per share for the current year. Insider ActivityIn other news, Director Robyn M.
Denholm sold 112,390 shares of Tesla stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.
60. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $32,643,400. The trade was a 56.
94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R.
Murdoch sold 54,776 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.
04. Following the sale, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69.
The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold 477,228 shares of company stock worth $166,849,043 over the last three months. 20.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TeslaA number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Tesla by 1.
5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer’s stock valued at $98,211,134,000 after buying an additional 3,571,793 shares in the last quarter.
Geode Capital Management LLC lifted its holdings in Tesla by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock valued at $24,566,217,000 after acquiring an additional 1,655,203 shares during the last quarter.
Norges Bank purchased a new position in Tesla in the fourth quarter worth approximately $14,420,248,000. FMR LLC increased its stake in Tesla by 40.1% during the fourth quarter.
FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Tesla by 21.6% in the 4th quarter.
Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
About Tesla (Get Free Report)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.
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