Tesla, Inc. (NASDAQ:TSLA) Receives Average Rating of “Hold” from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) have been assigned a consensus recommendation of “Hold” from the forty ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $214.65.

TSLA has been the topic of several research reports. Mizuho dropped their price target on shares of Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, January 5th. Cowen upped their price objective on shares of Tesla from $122.00 to $140.00 and gave the company a “market perform” rating in a research note on Thursday, January 26th. Jefferies Financial Group upped their target price on Tesla from $180.00 to $230.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on Tesla from $250.00 to $220.00 in a report on Thursday, January 19th. Finally, Robert W. Baird dropped their target price on Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $117.50, for a total transaction of $1,233,750.00. Following the transaction, the senior vice president now owns 64,259 shares in the company, valued at approximately $7,550,432.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $117.50, for a total value of $1,233,750.00. Following the transaction, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at approximately $7,550,432.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elon Musk sold 3,205,000 shares of the company’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $168.55, for a total value of $540,202,750.00. Following the completion of the sale, the chief executive officer now owns 442,412,432 shares of the company’s stock, valued at $74,568,615,413.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,128,221 shares of company stock worth $1,637,193,192. Company insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Axiom Financial Strategies LLC grew its holdings in Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after buying an additional 164,789 shares during the period. MAS Advisors LLC lifted its position in Tesla by 25.7% during 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 period. Ergoteles LLC lifted its position in Tesla by 33.4% during 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 period. Finally, Mackenzie Financial Corp increased its holdings 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 buying an additional 4,593 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $172.92 on Friday. Tesla has a 1 year low of $101.81 and a 1 year high of $384.29. The company has a market cap of $547.14 billion, a price-to-earnings ratio of 47.77, a price-to-earnings-growth ratio of 2.27 and a beta of 2.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.53. The firm has a fifty day moving average of $167.69 and a 200-day moving average of $202.33.

Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.21. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The business had revenue of $24.32 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 37.2% on a year-over-year basis. As a group, equities analysts anticipate that Tesla will post 3.43 earnings per share for the current year.

Tesla Company Profile

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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.