Tesla, Inc. (NASDAQ:TSLA) Receives $295.69 Consensus PT from Analysts

Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) have earned an average recommendation of "Hold" from the forty ratings firms that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $296.60.

Several brokerages recently issued reports on TSLA. UBS Group lifted their target price on Tesla from $197.00 to $226.00 and gave the company a "sell" rating in a research report on Monday, November 25th. HSBC reiterated a "reduce" rating and issued a $124.00 target price on shares of Tesla in a research report on Friday, October 11th. Evercore ISI raised their price target on shares of Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a report on Friday, January 3rd. Truist Financial reiterated a "hold" rating and issued a $360.00 price target on shares of Tesla in a research note on Thursday, January 2nd. Finally, Morgan Stanley lifted their target price on Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Monday.

Tesla Stock Performance

TSLA stock traded up $8.57 during trading hours on Monday, hitting $403.31. 66,232,001 shares of the stock were exchanged, compared to its average volume of 81,084,563. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.29 trillion, a P/E ratio of 110.50, a P/E/G ratio of 10.80 and a beta of 2.30. The company has a 50-day simple moving average of $376.60 and a two-hundred day simple moving average of $281.84. Tesla has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. On average, analysts forecast that Tesla will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is currently owned by insiders.

Institutional Trading of Tesla

Institutional investors have recently modified their holdings of the business. Connable Office Inc. raised its stake in shares of Tesla by 0.3% during the 3rd quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock worth $3,368,000 after buying an additional 38 shares during the last quarter. Community Bank N.A. lifted its stake in Tesla by 4.4% in the 3rd quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer's stock valued at $238,000 after buying an additional 38 shares in the last quarter. Holistic Financial Partners grew its holdings in Tesla by 1.0% during 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 last quarter. Sherrill & Hutchins Financial Advisory Inc increased its position in Tesla by 1.4% during the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock worth $800,000 after buying an additional 43 shares in the last quarter. Finally, Altman Advisors Inc. lifted its position in shares of Tesla by 0.4% in the third quarter. Altman Advisors Inc. now owns 10,754 shares of the electric vehicle producer's stock valued at $2,814,000 after acquiring an additional 43 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other 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.