Tesla (NASDAQ:TSLA) Given Sell Rating at Guggenheim

Guggenheim reiterated their sell rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Tuesday, Benzinga reports. They currently have a $122.00 price target on the electric vehicle producer’s stock.

Other research analysts have also issued reports about the stock. Citigroup dropped their price objective on shares of Tesla from $196.00 to $180.00 and set a neutral rating on the stock in a research note on Friday, April 12th. Sanford C. Bernstein lowered their target price on shares of Tesla from $150.00 to $120.00 and set an underperform rating on the stock in a report on Tuesday, March 26th. Jefferies Financial Group lowered their target price on shares of Tesla from $185.00 to $165.00 and set a hold rating on the stock in a report on Wednesday, April 10th. Wedbush reaffirmed an outperform rating and issued a $300.00 target price on shares of Tesla in a report on Friday, April 19th. Finally, Truist Financial lowered their target price on shares of Tesla from $193.00 to $176.00 and set a hold rating on the stock in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $186.70.

Tesla Trading Down 1.1 %

NASDAQ TSLA opened at $168.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72. The firm has a market cap of $535.97 billion, a PE ratio of 42.93, a P/E/G ratio of 4.28 and a beta of 2.39. Tesla has a one year low of $138.80 and a one year high of $299.29. The firm’s fifty day moving average is $175.04 and its two-hundred day moving average is $208.00.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Analysts expect that Tesla will post 1.97 earnings per share for the current year.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last 90 days. Insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently bought and sold shares of TSLA. Norges Bank acquired a new position in Tesla during the fourth quarter worth approximately $7,844,757,000. International Assets Investment Management LLC increased its position in Tesla by 25,990.7% during the fourth 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 purchasing an additional 6,179,032 shares during the last quarter. Vanguard Group Inc. increased its position in Tesla by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after purchasing an additional 3,866,361 shares during the last quarter. California Public Employees Retirement System increased its position in Tesla by 34.0% during the third quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock worth $2,260,039,000 after purchasing an additional 2,293,344 shares during the last quarter. Finally, Morgan Stanley grew its stake in Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after buying an additional 2,177,397 shares during the period. Institutional investors and hedge funds 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.