Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares shot up 1.3% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $411.00 to $492.00. Stifel Nicolaus currently has a buy rating on the stock. Tesla traded as high as $426.43 and last traded at $415.86. 35,273,547 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 78,854,469 shares. The stock had previously closed at $410.44.
TSLA has been the topic of a number of other reports. Cantor Fitzgerald lifted their price target on Tesla from $255.00 to $365.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 price target for the company in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Tesla from $250.00 to $345.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein reiterated an "underperform" rating and set a $120.00 target price on shares of Tesla in a report on Thursday, October 3rd. Nine research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $292.97.
Check Out Our Latest Report on TSLA
Insider Activity
In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,886 shares of company stock worth $169,393,831 over the last three months. 20.70% of the stock is currently owned by corporate insiders.
Institutional Trading of Tesla
Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in Tesla by 35,611.2% in the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after buying an additional 11,023,436 shares in the last quarter. Clean Energy Transition LLP grew its stake in shares of Tesla by 347.7% in the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock worth $953,505,000 after acquiring an additional 6,764,300 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of Tesla by 21,816.0% during the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock valued at $1,167,970,000 after purchasing an additional 5,875,484 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Tesla by 13.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after purchasing an additional 2,946,763 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Tesla by 52.0% in the third quarter. Wellington Management Group LLP now owns 7,344,526 shares of the electric vehicle producer's stock worth $1,921,548,000 after purchasing an additional 2,511,488 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Stock Performance
The business's 50-day simple moving average is $365.34 and its 200 day simple moving average is $276.00. The firm has a market cap of $1.32 trillion, a P/E ratio of 112.62, a P/E/G ratio of 10.80 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 posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.
About Tesla
(
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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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