Brokerages Set Tesla, Inc. (NASDAQ:TSLA) PT at $290.66

Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) have been given a consensus recommendation of "Hold" by the forty-one analysts that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $287.46.

A number of analysts have recently commented on the company. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a research report on Tuesday. Evercore ISI lifted their target price on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday. Cantor Fitzgerald reduced their target price on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Wells Fargo & Company dropped their price target on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday, March 14th.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $25.44 during trading on Wednesday, hitting $284.95. 166,882,151 shares of the stock traded hands, compared to its average volume of 96,015,992. The company has a fifty day moving average price of $263.98 and a two-hundred day moving average price of $322.46. Tesla has a 52-week low of $166.37 and a 52-week high of $488.54. The company has a market cap of $916.55 billion, a price-to-earnings ratio of 139.68, a P/E/G ratio of 5.86 and a beta of 2.58. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

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

Insider Activity

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at $114,859,478.69. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This trade represents a 9.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,228 shares of company stock worth $123,791,123. 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 business. Destination Wealth Management raised its holdings in Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after purchasing an additional 1,359 shares in the last quarter. Stephens Consulting LLC raised its stake in 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 acquiring an additional 891 shares in the last quarter. Worth Asset Management LLC grew its holdings in shares of Tesla by 383.1% during the fourth quarter. Worth Asset Management LLC now owns 8,314 shares of the electric vehicle producer's stock worth $3,358,000 after purchasing an additional 6,593 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its holdings in shares of 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 purchasing an additional 1,629 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its stake in Tesla by 104.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 57,553 shares of the electric vehicle producer's stock worth $23,242,000 after buying an additional 29,458 shares during the last quarter. 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.