Tesla (NASDAQ:TSLA) Price Target Raised to $370.00

Tesla (NASDAQ:TSLA - Free Report) had its price objective increased by Deutsche Bank Aktiengesellschaft from $295.00 to $370.00 in a research report sent to investors on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the electric vehicle producer's stock.

TSLA has been the topic of a number of other reports. Guggenheim lifted their target price on Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a research report on Thursday. UBS Group lifted their price objective on Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a report on Monday, November 25th. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Roth Mkm raised shares of Tesla from a "neutral" rating to a "buy" rating and upped their price target for the company from $85.00 to $380.00 in a report on Monday, December 2nd. Finally, Roth Capital raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $248.12.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA traded up $0.57 on Monday, hitting $389.79. The company had a trading volume of 95,867,016 shares, compared to its average volume of 94,709,227. The firm has a market capitalization of $1.25 trillion, a P/E ratio of 106.79, a PEG ratio of 12.64 and a beta of 2.36. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla has a 12-month low of $138.80 and a 12-month high of $404.80. The business has a 50 day moving average of $288.09 and a two-hundred day moving average of $240.67.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts forecast that Tesla will post 1.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 8,000 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. This represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business'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 sale, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 522,886 shares of company stock worth $171,393,831. 20.70% of the stock is owned by company insiders.

Institutional Trading of Tesla

Several large investors have recently added to or reduced their stakes in the company. Connable Office Inc. lifted its stake in Tesla by 0.3% in the 3rd quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock worth $3,368,000 after acquiring an additional 38 shares in the last quarter. Community Bank N.A. grew its position in Tesla by 4.4% during the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock valued at $238,000 after purchasing an additional 38 shares in the last quarter. Holistic Financial Partners increased its stake in Tesla by 1.0% in the 3rd quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock valued at $1,061,000 after buying an additional 40 shares during the period. Integris Wealth Management LLC lifted its position in Tesla by 1.0% in the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock worth $804,000 after buying an additional 42 shares in the last quarter. Finally, Sherrill & Hutchins Financial Advisory Inc boosted its stake in shares of Tesla by 1.4% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock valued at $800,000 after buying an additional 43 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

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.