Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Tesla (NASDAQ:TSLA - Free Report) had its price objective lifted by Morgan Stanley from $400.00 to $430.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the electric vehicle producer's stock.

Several other research firms have also commented on TSLA. UBS Group boosted their price objective on shares of Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a research note on Monday, November 25th. Jefferies Financial Group raised their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Barclays lifted their price target on Tesla from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Piper Sandler raised their price objective on shares of Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, New Street Research upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $296.60.

Tesla Trading Up 2.2 %

Shares of TSLA traded up $8.57 during trading hours on Monday, reaching $403.31. 66,232,001 shares of the company traded hands, compared to its average volume of 81,084,563. Tesla has a 12 month low of $138.80 and a 12 month high of $488.54. The company has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 110.50, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The company's fifty day moving average price is $379.81 and its two-hundred day moving average price is $283.29. 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 (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Tesla will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 621,886 shares of company stock worth $213,451,751. Corporate insiders own 20.70% of the company's stock.

Institutional Trading of Tesla

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Tesla by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock valued at $15,469,792,000 after acquiring an additional 1,022,589 shares during the last quarter. FMR LLC boosted its holdings in shares of Tesla by 3.5% in the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock valued at $6,473,008,000 after purchasing an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock worth $6,377,970,000 after purchasing an additional 2,946,763 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tesla by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock worth $4,328,884,000 after purchasing an additional 301,968 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Tesla by 11.9% during the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock worth $3,192,203,000 after purchasing an additional 1,294,093 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.