2 weeks Ago By ABMN Staff
Tesla ( NASDAQ:TSLA – Get Free Report ) had its price target decreased by investment analysts at Piper Sandler from $450.00 to $400.00 in a note issued to investors on Wednesday, MarketBeat.
com reports. The firm currently has an “overweight” rating on the electric vehicle producer’s stock. Piper Sandler’s price objective indicates a potential upside of 65.
86% from the company’s current price. A number of other research analysts have also recently commented on TSLA. Stifel Nicolaus decreased their price target on Tesla from $474.
00 to $455.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Truist Financial lowered their target price on Tesla from $373.
00 to $280.00 and set a “hold” rating for the company in a report on Thursday, April 3rd. TD Cowen upgraded shares of Tesla from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.
00 to $388.00 in a research note on Friday, March 7th. Guggenheim lowered their price objective on shares of Tesla from $175.
00 to $170.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Finally, Barclays upped their target price on shares of Tesla from $270.
00 to $325.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $292.18.
Check Out Our Latest Stock Analysis on TSLA Tesla Stock Performance Tesla ( NASDAQ:TSLA – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
74 by ($0.08). Tesla had a net margin of 7.
26% and a return on equity of 10.31%. Equities analysts anticipate that Tesla will post 2.
56 earnings per share for the current year. Insider Activity In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.
00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500.
This trade represents a 12.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link .
Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.
79, for a total value of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares of the company’s stock, valued at approximately $114,859,478.
69. This represents a 10.30 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 374,228 shares of company stock valued at $123,791,123 in the last ninety days. 20.
70% of the stock is currently owned by company insiders. Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc.
raised its position in Tesla by 1.5% during the 4th quarter. Vanguard Group Inc.
now owns 243,193,181 shares of the electric vehicle producer’s stock worth $98,211,134,000 after buying an additional 3,571,793 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tesla by 2.8% during the fourth quarter.
Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer’s stock worth $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at about $14,420,248,000. FMR LLC boosted its holdings in Tesla by 40.
1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp increased its position in Tesla by 21.
6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer’s stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. Institutional investors and hedge funds 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 Articles Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter .
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