Tesla (NASDAQ:TSLA) Receives Outperform Rating from Mizuho

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "outperform" rating restated by research analysts at Mizuho in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $515.00 price objective on the electric vehicle producer's stock. Mizuho's price objective would suggest a potential upside of 27.50% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein reissued an "underperform" rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Jefferies Financial Group increased their price objective on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Cantor Fitzgerald reissued a "neutral" rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday. StockNews.com upgraded shares of Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Piper Sandler raised their target price on shares of Tesla from $315.00 to $500.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $317.28.

Tesla Price Performance

Shares of TSLA stock traded up $14.82 during mid-day trading on Thursday, reaching $403.92. The company's stock had a trading volume of 68,573,209 shares, compared to its average volume of 73,334,359. Tesla has a 1-year low of $138.80 and a 1-year high of $488.54. The firm's 50-day moving average is $401.98 and its two-hundred day moving average is $297.28. The company has a market cap of $1.30 trillion, a P/E ratio of 111.19, a PEG ratio of 8.42 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 13.07% and a return on equity of 10.24%. On average, research analysts predict that Tesla will post 2.01 earnings per share for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the transaction, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 617,886 shares of company stock worth $212,451,751. 20.70% of the stock is currently owned by company insiders.

Institutional Trading of Tesla

Several hedge funds have recently made changes to their positions in TSLA. Hengehold Capital Management LLC increased its stake in shares of Tesla by 1.8% during the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI lifted its stake 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 during the period. Acropolis Investment Management LLC raised its stake 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 worth $1,136,000 after purchasing an additional 25 shares during the period. Mount Vernon Associates Inc. MD raised its stake in Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer's stock worth $2,950,000 after purchasing an additional 25 shares during the period. Finally, Prospect Financial Services LLC raised its stake in shares of Tesla by 0.3% in the 4th quarter. Prospect Financial Services LLC now owns 7,500 shares of the electric vehicle producer's stock valued at $3,029,000 after acquiring an additional 26 shares during the period. 66.20% of the stock is currently owned by 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.

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