Tesla’s (TSLA) “Neutral” Rating Reaffirmed at Barclays

Tesla (NASDAQ:TSLAGet Free Report)‘s stock had its “neutral” rating restated by research analysts at Barclays in a research note issued on Friday,MarketScreener reports.

A number of other analysts have also recently weighed in on TSLA. UBS Group upped their price target on shares of Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a research report on Thursday, January 29th. TD Cowen upped their target price on Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore raised their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Wedbush restated an “outperform” rating and issued a $600.00 price target on shares of Tesla in a report on Thursday, January 29th. Finally, Roth Mkm set a $505.00 price objective on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, October 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $403.92.

Read Our Latest Research Report on TSLA

Tesla Stock Up 3.5%

Shares of NASDAQ:TSLA opened at $411.11 on Friday. The stock has a 50-day simple moving average of $446.45 and a 200-day simple moving average of $410.61. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 380.66, a PEG ratio of 13.30 and a beta of 1.86. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Tesla’s revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that Tesla will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,457 shares of company stock worth $53,501,145 in the last ninety days. 19.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Tesla

A number of hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC grew its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC boosted its position in Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

About Tesla

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Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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