Tesla (NASDAQ:TSLA) PT Raised to $24.86

Tesla (NASDAQ:TSLA) had its price target hoisted by Glj Research from $22.86 to $24.86 in a research note published on Tuesday, Benzinga reports. They currently have a sell rating on the electric vehicle producer’s stock.

A number of other analysts have also recently commented on the stock. Citigroup boosted their target price on shares of Tesla from $182.00 to $274.00 and gave the stock a neutral rating in a research note on Friday, July 12th. TD Cowen boosted their target price on shares of Tesla from $160.00 to $180.00 and gave the stock a hold rating in a research note on Wednesday, July 3rd. Bank of America raised shares of Tesla from a neutral rating to a buy rating and set a $220.00 target price for the company in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $123.00 to $136.00 and gave the stock a hold rating in a research note on Thursday, April 25th. Finally, China Renaissance raised shares of Tesla from a hold rating to a buy rating and set a $290.00 target price for the company in a research note on Friday, July 5th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $204.30.

Tesla Stock Down 0.2 %

TSLA opened at $219.80 on Tuesday. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.17 and a current ratio of 1.91. The company has a fifty day moving average of $205.68 and a two-hundred day moving average of $191.23. The stock has a market capitalization of $700.99 billion, a price-to-earnings ratio of 56.07, a PEG ratio of 5.39 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts expect that Tesla will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tesla

Several large investors have recently added to or reduced their stakes in TSLA. Norges Bank purchased a new stake in Tesla during the 4th quarter worth approximately $7,844,757,000. International Assets Investment Management LLC increased its stake in Tesla by 25,990.7% during the 4th quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after buying an additional 6,179,032 shares during the period. Vanguard Group Inc. increased its stake in Tesla by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after buying an additional 3,866,361 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Tesla by 2,101.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer’s stock worth $365,064,000 after buying an additional 1,402,443 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock worth $1,731,430,000 after buying an additional 1,125,329 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.