Tesla (NASDAQ:TSLA) Given Outperform Rating at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Wednesday morning, Benzinga reports. Robert W. Baird currently has a $280.00 price objective on the electric vehicle producer’s stock.

A number of other research analysts have also weighed in on the stock. Wedbush cut their target price on shares of Tesla from $315.00 to $300.00 and set an outperform rating for the company in a report on Thursday, March 28th. Barclays cut their target price on shares of Tesla from $225.00 to $180.00 and set an equal weight rating for the company in a report on Wednesday. Redburn Atlantic started coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a sell rating and a $170.00 target price for the company. HSBC cut their target price on shares of Tesla from $143.00 to $138.00 and set a reduce rating for the company in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Tesla from $200.00 to $189.00 and set a buy rating for the company in a report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $197.15.

Tesla Trading Down 1.1 %

Shares of TSLA opened at $155.45 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla has a 1 year low of $152.37 and a 1 year high of $299.29. The company has a 50 day simple moving average of $180.24 and a two-hundred day simple moving average of $212.64. The firm has a market cap of $495.08 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 4.15 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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 net margin of 15.50% and a return on equity of 16.62%. The company had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period last year, the business earned $1.07 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Tesla will post 1.97 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,098 shares of company stock worth $38,802,534. 25.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently made changes to their positions in the company. Axiom Financial Strategies LLC grew its stake in Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the last quarter. MAS Advisors LLC grew its stake in Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the last quarter. Ergoteles LLC grew its stake in Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after purchasing an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after purchasing an additional 4,593 shares during the last quarter. Hedge funds and other 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.