2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report) had its target price lowered by JPMorgan Chase & Co. from $120.00 to $115.
00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the electric vehicle producer’s stock. JPMorgan Chase & Co.
‘s target price points to a potential downside of 55.69% from the stock’s previous close.A number of other analysts have also commented on TSLA.
Wedbush reiterated an “outperform” rating and set a $350.00 price target (up from $315.00) on shares of Tesla in a report on Tuesday.
The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday. Mizuho reduced their price target on shares of Tesla from $430.00 to $375.
00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. TD Cowen raised shares of Tesla from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $388.
00 in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $420.00 to $345.
00 and set a “buy” rating for the company in a research report on Friday, March 28th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus price target of $286.85.Check Out Our Latest Analysis on TSLATesla Stock PerformanceNASDAQ TSLA opened at $259.
51 on Wednesday. The company has a fifty day moving average price of $265.36 and a 200-day moving average price of $322.
18. The firm has a market cap of $834.72 billion, a price-to-earnings ratio of 127.
21, a PEG ratio of 5.86 and a beta of 2.58.
The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.
61. Tesla has a 1 year low of $158.36 and a 1 year high of $488.
54. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.
27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26).
Tesla had a return on equity of 10.31% and a net margin of 7.26%.
The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion.
During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts predict that Tesla will post 2.
56 EPS for the current fiscal year. Insiders Place Their BetsIn other Tesla news, CFO Vaibhav Taneja sold 7,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $383.
11, for a total value of $2,681,770.00. Following the completion of the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $41,745,581.
15. The trade was a 6.04 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction dated Monday, February 3rd.
The shares were sold at an average price of $384.04, for a total value of $43,162,255.60.
Following the transaction, the director now directly owns 85,000 shares in the company, valued at $32,643,400. This trade represents a 56.94 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock valued at $123,791,123 over the last quarter. 20.
70% of the stock is owned by corporate insiders. Institutional Investors Weigh In On TeslaInstitutional investors have recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC grew its holdings in shares of Tesla by 86.
3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank grew its holdings in Tesla by 79.
2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC increased its position in shares of Tesla by 250.
0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 75 shares during the period. True Wealth Design LLC raised its stake in shares of Tesla by 79.
5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Finally, Horrell Capital Management Inc.
boosted its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc.
now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 34 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
About Tesla (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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