Analysts Set Tesla, Inc. (NASDAQ:TSLA) Price Target at $318.34

Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) have been given a consensus recommendation of "Hold" by the thirty-eight research firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $317.75.

Several brokerages have recently weighed in on TSLA. Wedbush reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Tesla in a research report on Thursday, March 27th. Morgan Stanley lowered their price objective on shares of Tesla from $430.00 to $410.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Piper Sandler reduced their target price on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. HSBC decreased their target price on shares of Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Finally, Glj Research reiterated a "buy" rating on shares of Tesla in a report on Tuesday, March 11th.

Tesla Trading Up 3.6 %

TSLA stock traded up $9.30 during midday trading on Friday, reaching $268.46. 145,757,545 shares of the company's stock traded hands, compared to its average volume of 93,638,373. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business has a 50-day moving average price of $314.87 and a two-hundred day moving average price of $323.48. The company has a market capitalization of $863.51 billion, a P/E ratio of 131.60, a PEG ratio of 5.86 and a beta of 2.50.

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Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Equities research analysts forecast that Tesla will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company's stock, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 477,228 shares of company stock worth $166,849,043. Insiders own 20.70% of the company's stock.

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hengehold Capital Management LLC lifted its position in shares of Tesla by 1.8% in the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock valued at $544,000 after acquiring an additional 24 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in shares of Tesla by 0.3% during the fourth quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer's stock valued at $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC raised its position in Tesla by 0.9% during the fourth quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer's stock valued at $1,136,000 after buying an additional 25 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in Tesla by 0.3% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after acquiring an additional 25 shares in the last quarter. Finally, Vista Finance LLC boosted its position in Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds 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.