Deutsche Bank Aktiengesellschaft Boosts Tesla (NASDAQ:TSLA) Price Target to $136.00

Tesla (NASDAQ:TSLA) had its price objective raised by Deutsche Bank Aktiengesellschaft from $123.00 to $136.00 in a research note released on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the electric vehicle producer’s stock.

A number of other research firms also recently issued reports on TSLA. Redburn Atlantic initiated coverage on Tesla in a research report on Wednesday, January 24th. They issued a sell rating and a $170.00 target price for the company. Sanford C. Bernstein decreased their target price on Tesla from $150.00 to $120.00 and set an underperform rating for the company in a research report on Tuesday, March 26th. Citigroup raised their target price on Tesla from $180.00 to $182.00 and gave the stock a neutral rating in a research report on Wednesday. Piper Sandler reiterated an overweight rating and issued a $205.00 price target on shares of Tesla in a research report on Monday, April 22nd. Finally, Needham & Company LLC reiterated a hold rating on shares of Tesla in a research report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Tesla currently has an average rating of Hold and a consensus target price of $186.70.

Tesla Stock Performance

Shares of Tesla stock opened at $168.29 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $175.04 and its 200 day simple moving average is $207.61. Tesla has a 12 month low of $138.80 and a 12 month high of $299.29. The firm has a market capitalization of $536.71 billion, a P/E ratio of 42.93, a price-to-earnings-growth ratio of 4.50 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts anticipate that Tesla will post 1.97 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last 90 days. Insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC lifted its stake in shares of Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after acquiring an additional 42 shares during the last quarter. Holderness Investments Co. lifted its stake in shares of Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after acquiring an additional 42 shares during the last quarter. SCS Capital Management LLC lifted its stake in shares of Tesla by 0.3% in the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after acquiring an additional 45 shares during the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Tesla by 0.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after acquiring an additional 45 shares during the last quarter. Finally, ML & R Wealth Management LLC lifted its stake in shares of Tesla by 2.6% in the 3rd quarter. ML & R Wealth Management LLC now owns 1,819 shares of the electric vehicle producer’s stock valued at $455,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

About Tesla

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.