Tesla (NASDAQ:TSLA) Price Target Raised to $215.00

Tesla (NASDAQ:TSLA) had its price target hoisted by UBS Group from $190.00 to $215.00 in a research report report published on Monday, MarketBeat.com reports. They currently have a sell rating on the electric vehicle producer’s stock.

A number of other brokerages have also recently weighed in on TSLA. Oppenheimer reiterated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an “underperform” rating in a research report on Wednesday, April 16th. Raymond James Financial downgraded shares of Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Cfra Research downgraded shares of Tesla from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus set a $450.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $294.58.

Tesla Price Performance

Tesla stock opened at $327.55 on Monday. The company’s 50 day simple moving average is $311.59 and its 200-day simple moving average is $331.45. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 179.97, a price-to-earnings-growth ratio of 12.73 and a beta of 2.47. Tesla has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, equities research analysts expect 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 company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director now directly owns 855,394 shares of the company’s stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tesla

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tesla by 2.8% in 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 purchased a new stake in shares of Tesla in the fourth quarter worth approximately $14,420,248,000. FMR LLC lifted its position in shares of Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer’s stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Tesla by 21.6% in the fourth 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 in 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.