2 weeks Ago By Defense World Staff
Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports.TSLA has been the topic of several other reports. Benchmark reduced their target price on Tesla from $475.
00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. UBS Group decreased their target price on shares of Tesla from $225.
00 to $190.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Glj Research reaffirmed a “sell” rating and set a $19.
05 price target (down previously from $24.86) on shares of Tesla in a research report on Monday. Morgan Stanley reiterated a “buy” rating on shares of Tesla in a report on Tuesday.
Finally, Royal Bank of Canada dropped their price objective on Tesla from $440.00 to $320.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th.
Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $286.85.
View Our Latest Report on TSLATesla Price PerformanceTesla stock opened at $259.51 on Wednesday. The firm’s 50-day moving average is $265.
36 and its two-hundred day moving average is $322.18. The company has a debt-to-equity ratio of 0.
08, a current ratio of 2.02 and a quick ratio of 1.61.
The stock has a market capitalization of $834.72 billion, a P/E ratio of 127.21, a P/E/G ratio of 5.
86 and a beta of 2.58. Tesla has a 12-month low of $158.
36 and a 12-month high of $488.54. Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Tuesday, April 22nd.
The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $22.
93 billion. During the same period in the previous year, the firm posted $0.45 earnings per share.
Equities analysts predict that Tesla will post 2.56 earnings per share for the current year. Insider Buying and SellingIn other news, CFO Vaibhav Taneja sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. This trade represents a 6.
04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robyn M.
Denholm sold 112,390 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $384.04, for a total transaction of $43,162,255.
60. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $32,643,400. This represents a 56.
94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock worth $123,791,123 over the last ninety days.
20.70% of the stock is owned by insiders. Institutional Trading of TeslaHedge funds have recently made changes to their positions in the stock.
Cherry Tree Wealth Management LLC boosted its holdings in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 44 shares during the period.
First PREMIER Bank lifted its position in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter.
Newton One Investments LLC boosted its stake in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 75 shares during the period.
True Wealth Design LLC increased its stake in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 31 shares during the period.
Finally, Horrell Capital Management Inc. raised 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 valued at $32,000 after buying an additional 34 shares during the last quarter. Institutional investors own 66.
20% of the company’s stock. 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.Featured ArticlesFive stocks we like better than TeslaWhy Understanding Call Option Volume is Essential to Successful Options Trading2 Strong Utilities Plays With Booming Earnings and Room to Grow10 Best Airline Stocks to BuyWhy Smart Investors Don’t Panic in Election SeasonLearn Technical Analysis Skills to Master the Stock MarketNow Is the Time to Buy ServiceNow—The Rebound Is Real.
