Tesla (NASDAQ:TSLA) Price Target Lowered to $325.00 at Mizuho

Tesla (NASDAQ:TSLA - Get Free Report) had its price objective reduced by stock analysts at Mizuho from $375.00 to $325.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the electric vehicle producer's stock. Mizuho's price objective suggests a potential upside of 16.49% from the stock's previous close.

Several other research firms have also recently issued reports on TSLA. Barclays decreased their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a report on Monday. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Bank of America cut their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Robert W. Baird lowered their target price on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research note on Tuesday. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $287.46.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $19.49 during trading on Wednesday, reaching $279.00. The company had a trading volume of 63,694,126 shares, compared to its average volume of 95,748,595. Tesla has a 52 week low of $158.36 and a 52 week high of $488.54. The business's 50 day moving average price is $265.36 and its 200-day moving average price is $322.18. The stock has a market cap of $897.41 billion, a PE ratio of 136.98, a PEG ratio of 5.86 and a beta of 2.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the firm earned $0.45 EPS. Analysts expect that Tesla will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This represents a 12.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 374,228 shares of company stock worth $123,791,123 over the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently bought and sold shares of the business. Destination Wealth Management lifted its holdings in Tesla by 12.1% during the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock valued at $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Stephens Consulting LLC lifted its stake in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after buying an additional 891 shares during the last quarter. Worth Asset Management LLC boosted its holdings in shares of Tesla by 383.1% during the 4th quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after buying an additional 6,593 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its stake in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after buying an additional 1,629 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Tesla by 104.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock valued at $23,242,000 after acquiring an additional 29,458 shares during the period. Institutional investors own 66.20% of the company's stock.

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.