Tesla (NASDAQ:TSLA) Price Target Raised to $136.00

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

Several other analysts have also commented on TSLA. KGI Securities reiterated a neutral rating and set a $213.00 price objective (down previously from $309.00) on shares of Tesla in a report on Thursday, January 25th. UBS Group decreased their price objective on Tesla from $160.00 to $147.00 and set a neutral rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group decreased their price objective on Tesla from $190.00 to $175.00 and set a neutral rating for the company in a report on Tuesday, April 9th. TD Cowen decreased their price objective on Tesla from $200.00 to $180.00 and set a market perform rating for the company in a report on Thursday, January 25th. Finally, Redburn Atlantic assumed coverage on Tesla in a research note on Wednesday, January 24th. They issued a sell rating and a $170.00 target price for the company. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $186.70.

Tesla Stock Down 1.1 %

Shares of NASDAQ TSLA 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 stock has a market capitalization of $536.71 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 4.45 and a beta of 2.39. The stock’s fifty day simple moving average is $175.04 and its two-hundred day simple moving average is $207.22. Tesla has a 12-month low of $138.80 and a 12-month high of $299.29.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s 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 completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

Institutional investors and hedge funds have recently made changes to their positions in the business. Wyrmwood Management LLC purchased a new position in Tesla during the fourth quarter worth about $25,000. Lam Group Inc. purchased a new position in Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC raised its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new position in Tesla during the fourth quarter worth about $37,000. 66.20% of the stock is owned by hedge funds and other 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.