Deutsche Bank Aktiengesellschaft Increases Tesla (NASDAQ:TSLA) Price Target to $136.00

Tesla (NASDAQ:TSLA) had its price target boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $123.00 to $136.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the electric vehicle producer’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 17.37% from the company’s current price.

TSLA has been the topic of a number of other reports. Jefferies Financial Group reduced their price target on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Roth Mkm reissued a “neutral” rating and set a $85.00 target price on shares of Tesla in a research report on Wednesday. Truist Financial reduced their target price on shares of Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, KGI Securities reissued a “neutral” rating and set a $213.00 target price (down from $309.00) on shares of Tesla in a research report on Thursday, January 25th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $186.70.

Tesla Trading Up 1.5 %

TSLA stock traded up $2.45 during midday trading on Thursday, reaching $164.58. 76,530,289 shares of the company’s stock traded hands, compared to its average volume of 102,641,086. The company has a market capitalization of $524.15 billion, a P/E ratio of 42.02, a PEG ratio of 3.82 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The business has a 50-day moving average price of $176.28 and a two-hundred day moving average price of $208.91.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.68%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts forecast that Tesla will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last quarter. Company insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Center For Asset Management LLC bought a new position in shares of Tesla during the 1st quarter valued at about $427,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Tesla by 3.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 449,662 shares of the electric vehicle producer’s stock worth $79,046,000 after buying an additional 16,300 shares during the period. GFS Advisors LLC acquired a new position in shares of Tesla in the first quarter worth about $13,751,000. Aaron Wealth Advisors LLC boosted its holdings in shares of Tesla by 43.6% in the first quarter. Aaron Wealth Advisors LLC now owns 6,785 shares of the electric vehicle producer’s stock worth $1,193,000 after buying an additional 2,061 shares during the period. Finally, Eudaimonia Advisors LLC boosted its holdings in shares of Tesla by 18.4% in the first quarter. Eudaimonia Advisors LLC now owns 1,907 shares of the electric vehicle producer’s stock worth $335,000 after buying an additional 296 shares during the period. Institutional investors own 66.20% of the company’s stock.

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.