Tesla’s (TSLA) “Outperform” Rating Reiterated at Mizuho

Mizuho reiterated their outperform rating on shares of Tesla (NASDAQ:TSLAFree Report) in a research report sent to investors on Thursday,Benzinga reports. Mizuho currently has a $515.00 price target on the electric vehicle producer’s stock.

A number of other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus increased their target price on Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Wedbush boosted their price target on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $318.31.

Check Out Our Latest Stock Analysis on TSLA

Tesla Trading Up 1.1 %

Shares of TSLA opened at $404.60 on Thursday. The firm has a market cap of $1.30 trillion, a P/E ratio of 198.33, a price-to-earnings-growth ratio of 8.08 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla has a 1 year low of $138.80 and a 1 year high of $488.54. The company has a 50 day simple moving average of $404.22 and a two-hundred day simple moving average of $299.05.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. On average, equities analysts expect that Tesla will post 2.82 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $36,761,200. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 553,386 shares of company stock valued at $196,305,796 in the last three months. 20.70% of the stock is owned by insiders.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently bought and sold shares of TSLA. Quarry LP purchased a new stake in Tesla in the second quarter valued at $48,000. Cim LLC acquired a new position in shares of Tesla in the 2nd quarter valued at about $292,000. Heritage Wealth Management Inc. purchased a new stake in shares of Tesla in the second quarter worth about $269,000. Centaurus Financial Inc. grew its holdings in Tesla by 41.0% during the second quarter. Centaurus Financial Inc. now owns 23,470 shares of the electric vehicle producer’s stock worth $4,644,000 after acquiring an additional 6,823 shares during the period. Finally, Ashburton Jersey Ltd acquired a new position in Tesla in the second quarter valued at approximately $63,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Tesla

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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.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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