Tesla, Inc. (NASDAQ:TSLA) Receives $398.92 Consensus PT from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLA) have been assigned an average recommendation of “Hold” from the forty-four ratings firms that are currently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, twenty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $398.9181.

A number of equities analysts have issued reports on the company. Canaccord Genuity Group decreased their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. President Capital increased their price target on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Dbs Bank raised shares of Tesla to a “hold” rating in a research note on Wednesday, November 5th. Finally, DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,606 shares of company stock valued at $33,554,102 in the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Tesla by 4.3% during the third quarter. IFP Advisors Inc now owns 22,630 shares of the electric vehicle producer’s stock valued at $10,065,000 after buying an additional 926 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in Tesla by 7.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 862,544 shares of the electric vehicle producer’s stock valued at $383,591,000 after acquiring an additional 56,565 shares in the last quarter. Steadtrust LLC bought a new position in Tesla in the 3rd quarter valued at approximately $592,000. Investment Research Partners LLC purchased a new stake in Tesla during the 3rd quarter valued at $809,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Tesla in the 3rd quarter worth $4,771,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $455.00 on Thursday. The company has a 50-day simple moving average of $434.93 and a two-hundred day simple moving average of $372.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $1.51 trillion, a PE ratio of 303.33, a price-to-earnings-growth ratio of 15.37 and a beta of 1.87. Tesla has a one year low of $214.25 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Tesla will post 2.56 EPS for the current fiscal year.

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.