Tesla (NASDAQ:TSLA) Given New $190.00 Price Target at UBS Group

Tesla (NASDAQ:TSLA - Get Free Report) had its target price decreased by UBS Group from $225.00 to $190.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "sell" rating on the electric vehicle producer's stock. UBS Group's price target would suggest a potential downside of 24.71% from the company's previous close.

TSLA has been the subject of several other research reports. Robert W. Baird lowered their price objective on Tesla from $440.00 to $370.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Canaccord Genuity Group reiterated a "buy" rating and set a $404.00 target price on shares of Tesla in a report on Monday, March 17th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $425.00 price target on shares of Tesla in a research note on Thursday, April 3rd. Benchmark dropped their target price on Tesla from $475.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada reduced their price objective on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating for the company in a research note on Tuesday, March 18th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $298.59.

Tesla Price Performance

Tesla stock traded up $0.04 during midday trading on Thursday, hitting $252.35. 99,611,368 shares of the company's stock were exchanged, compared to its average volume of 96,017,173. Tesla has a 52-week low of $138.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market cap of $811.69 billion, a P/E ratio of 123.70, a PEG ratio of 5.86 and a beta of 2.58. The stock has a 50-day moving average price of $285.19 and a two-hundred day moving average price of $323.57.

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

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 75,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $367.87, for a total transaction of $27,590,250.00. Following the completion of the sale, the director now owns 1,463,220 shares in the company, valued at $538,274,741.40. This represents a 4.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 374,228 shares of company stock valued at $123,791,123 in the last ninety days. 20.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Institutional investors have recently bought and sold shares of the company. Hengehold Capital Management LLC boosted its position in Tesla by 1.8% during the 4th quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer's stock worth $544,000 after purchasing an additional 24 shares during the period. Strategic Investment Advisors MI grew its position 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 worth $2,823,000 after buying an additional 24 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Tesla by 0.9% in the 4th 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 last quarter. Mount Vernon Associates Inc. MD lifted its holdings in Tesla by 0.3% during 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 buying an additional 25 shares during the last quarter. Finally, Vista Finance LLC boosted its holdings in Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.