Tesla (NASDAQ:TSLA) PT Lowered to $189.00

Tesla (NASDAQ:TSLA) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $189.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the electric vehicle producer’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 10.46% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. HSBC cut their price objective on Tesla from $143.00 to $138.00 and set a “reduce” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday. Barclays cut their price objective on Tesla from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Thursday, January 25th. Edward Jones lowered Tesla from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Finally, Guggenheim increased their target price on Tesla from $125.00 to $132.00 and gave the company a “sell” rating in a report on Friday, December 15th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $201.63.

Tesla Stock Performance

TSLA opened at $171.11 on Wednesday. The company has a market capitalization of $544.95 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 3.13 and a beta of 2.39. 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 business has a 50 day moving average price of $184.02 and a two-hundred day moving average price of $218.56.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 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 analyst estimates of $25.64 billion. During the same quarter last year, the company posted $1.07 EPS. Tesla’s revenue was up 3.5% on a year-over-year basis. Research analysts predict that Tesla will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock valued at $38,802,534 over the last three months. 25.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently bought and sold shares of the company. Boltwood Capital Management boosted its holdings in Tesla by 8.7% during the first quarter. Boltwood Capital Management now owns 1,870 shares of the electric vehicle producer’s stock valued at $329,000 after acquiring an additional 150 shares during the period. Moseley Investment Management Inc. boosted its holdings in Tesla by 5.5% during the first quarter. Moseley Investment Management Inc. now owns 25,234 shares of the electric vehicle producer’s stock valued at $4,436,000 after acquiring an additional 1,305 shares during the period. Orrstown Financial Services Inc. boosted its holdings in Tesla by 19.6% during the first quarter. Orrstown Financial Services Inc. now owns 1,890 shares of the electric vehicle producer’s stock valued at $332,000 after acquiring an additional 310 shares during the period. Campbell Capital Management Inc. bought a new stake in Tesla during the first quarter valued at about $317,000. Finally, Avondale Wealth Management boosted its holdings in Tesla by 88.7% during the first quarter. Avondale Wealth Management now owns 2,850 shares of the electric vehicle producer’s stock valued at $501,000 after acquiring an additional 1,340 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Company Profile

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.