Tesla (NASDAQ:TSLA) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Tesla (NASDAQ:TSLAFree Report) in a research note issued to investors on Friday, Benzinga reports. They currently have a $175.00 price objective on the electric vehicle producer’s stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $123.00 to $136.00 and gave the stock a hold rating in a research report on Thursday, April 25th. Guggenheim restated a sell rating and set a $122.00 price target on shares of Tesla in a research report on Tuesday, April 23rd. Wells Fargo & Company cut their price objective on Tesla from $125.00 to $120.00 and set an underweight rating for the company in a report on Friday, April 12th. Jefferies Financial Group reduced their target price on Tesla from $185.00 to $165.00 and set a hold rating on the stock in a research note on Wednesday, April 10th. Finally, Citigroup reaffirmed a neutral rating on shares of Tesla in a research note on Wednesday, June 12th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $185.90.

Check Out Our Latest Research Report on TSLA

Tesla Stock Up 5.3 %

Tesla stock opened at $187.44 on Friday. Tesla has a 1-year low of $138.80 and a 1-year high of $299.29. The firm has a market capitalization of $597.78 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $173.19 and its two-hundred day moving average price is $194.61.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. On average, equities research analysts predict that Tesla will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction 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 SEC, which is accessible through this hyperlink. In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock valued at $19,285,643 over the last three months. Corporate insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Norges Bank bought a new position in shares of Tesla in the 4th quarter worth approximately $7,844,757,000. International Assets Investment Management LLC increased its position in Tesla by 25,990.7% in 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. lifted its holdings in shares of Tesla by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock valued at $57,102,287,000 after acquiring an additional 3,866,361 shares during the last quarter. Morgan Stanley increased 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 acquiring an additional 2,177,397 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 valued at $365,064,000 after purchasing an additional 1,402,443 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Company Profile

(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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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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