Tesla Motors Inc. (TSLA) Receives $255.60 Consensus PT from Brokerages
Shares of Tesla Motors Inc. (NASDAQ:TSLA) have been given an average rating of “Hold” by the thirty-two research firms that are covering the stock. Nine equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $255.48.
A number of equities research analysts recently commented on TSLA shares. Oppenheimer Holdings Inc. reissued a “” rating on shares of Tesla Motors in a research report on Monday, July 25th. Vetr raised shares of Tesla Motors from a “hold” rating to a “buy” rating and set a $231.82 target price for the company in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $240.00 target price on shares of Tesla Motors in a research report on Monday, July 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $338.00 target price on shares of Tesla Motors in a research report on Monday, August 1st.
In other Tesla Motors news, Director Kimbal Musk sold 2,779 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40. Following the completion of the transaction, the director now owns 154,644 shares in the company, valued at approximately $30,557,654.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 27.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock valued at $2,773,818,000 after buying an additional 1,137,759 shares during the period. Vanguard Group Inc. boosted its position in Tesla Motors by 13.4% in the second quarter. Vanguard Group Inc. now owns 4,894,369 shares of the electric vehicle producer’s stock valued at $1,038,976,000 after buying an additional 578,459 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Tesla Motors by 4.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,807,714 shares of the electric vehicle producer’s stock valued at $572,858,000 after buying an additional 110,714 shares during the period. Bamco Inc. NY boosted its position in Tesla Motors by 7.7% in the third quarter. Bamco Inc. NY now owns 1,555,911 shares of the electric vehicle producer’s stock valued at $317,452,000 after buying an additional 111,256 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in Tesla Motors by 24.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 808,661 shares of the electric vehicle producer’s stock valued at $171,663,000 after buying an additional 157,425 shares during the period. Institutional investors own 64.83% of the company’s stock.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 185.02 on Tuesday. The firm has a 50-day moving average of $196.42 and a 200-day moving average of $211.08. Tesla Motors has a 52-week low of $141.05 and a 52-week high of $269.34. The company’s market cap is $27.73 billion.
Tesla Motors (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $1.25. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm earned ($0.58) earnings per share. The company’s quarterly revenue was up 145.3% on a year-over-year basis. Equities research analysts forecast that Tesla Motors will post ($2.04) earnings per share for the current year.
About Tesla Motors
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
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