Tesla, Inc. (NASDAQ:TSLA) Receives $408.09 Average Price Target from Analysts

Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have received a consensus rating of “Hold” from the forty-one ratings firms that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $408.0937.

Several research firms have recently weighed in on TSLA. Dbs Bank upgraded shares of Tesla to a “hold” rating in a research note on Wednesday, November 5th. China Renaissance raised their price target on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Mizuho set a $540.00 price objective on shares of Tesla and gave the stock an “outperform” rating in a report on Thursday, January 29th. HSBC reissued a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. Finally, Stifel Nicolaus set a $508.00 target price on Tesla in a research note on Thursday, January 29th.

View Our Latest Analysis on Tesla

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock valued at $53,501,145 over the last ninety days. 19.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Narwhal Capital Management grew its holdings in shares of Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares during the period. Norges Bank acquired a new position in Tesla during the second quarter valued at approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its stake in Tesla by 5.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock worth $135,688,000 after buying an additional 22,607 shares during the period. AustralianSuper Pty Ltd increased its position in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after acquiring an additional 64,772 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after acquiring an additional 3,724 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $411.71 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $441.59 and a 200-day moving average price of $416.81. Tesla has a 52 week low of $214.25 and a 52 week high of $498.83. The company has a market cap of $1.54 trillion, a PE ratio of 381.21, a price-to-earnings-growth ratio of 14.48 and a beta of 1.86.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.73 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

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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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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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