Tesla (NASDAQ:TSLA) Price Target Raised to $287.00 at Stifel Nicolaus

Tesla (NASDAQ:TSLA - Get Free Report) had its price objective boosted by equities research analysts at Stifel Nicolaus from $265.00 to $287.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the electric vehicle producer's stock. Stifel Nicolaus' price objective points to a potential upside of 6.62% from the stock's current price.

Several other research firms also recently weighed in on TSLA. Glj Research reissued a "sell" rating and issued a $24.86 price objective on shares of Tesla in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $295.00 target price on shares of Tesla in a report on Tuesday, September 10th. TD Cowen boosted their target price on Tesla from $160.00 to $180.00 and gave the company a "hold" rating in a report on Wednesday, July 3rd. Piper Sandler boosted their price target on shares of Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, China Renaissance upgraded shares of Tesla from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research report on Friday, July 5th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $219.00.

Tesla Stock Up 3.3 %

Shares of Tesla stock traded up $8.71 during trading hours on Friday, hitting $269.19. The company had a trading volume of 161,066,811 shares, compared to its average volume of 94,680,352. The company's 50-day moving average is $229.47 and its two-hundred day moving average is $206.79. Tesla has a twelve month low of $138.80 and a twelve month high of $271.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The company has a market cap of $859.97 billion, a P/E ratio of 74.97, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Analysts anticipate that Tesla will post 1.75 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company's stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company's stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.70% of the stock is owned by insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Kathmere Capital Management LLC increased its position in shares of Tesla by 9.2% in the 1st quarter. Kathmere Capital Management LLC now owns 1,177 shares of the electric vehicle producer's stock worth $207,000 after purchasing an additional 99 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in shares of Tesla by 4.3% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,613 shares of the electric vehicle producer's stock valued at $260,000 after buying an additional 67 shares during the period. Romano Brothers AND Company raised its stake in Tesla by 3.8% during the first quarter. Romano Brothers AND Company now owns 2,479 shares of the electric vehicle producer's stock worth $436,000 after acquiring an additional 90 shares during the period. Gibson Capital LLC bought a new stake in shares of Tesla in the 1st quarter worth approximately $192,000. Finally, Foguth Wealth Management LLC. acquired a new position in shares of Tesla during the first quarter valued at $3,413,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

About Tesla

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.