Tesla Inc (NASDAQ:TSLA)‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a research note issued on Saturday. They currently have a $305.00 target price on the electric vehicle producer’s stock. Morgan Stanley’s price objective indicates a potential downside of 0.20% from the company’s previous close.
TSLA has been the subject of several other research reports. Robert W. Baird restated an “outperform” rating and set a $338.00 price target on shares of Tesla in a research report on Thursday, January 5th. Cowen and Company reaffirmed an “underperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of Tesla in a research note on Sunday, December 4th. Global Equities Research reaffirmed an “overweight” rating and set a $385.00 price objective on shares of Tesla in a research note on Tuesday, December 6th. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $197.97 price objective for the company in a research note on Tuesday, November 29th. Finally, TheStreet raised shares of Tesla from a “d+” rating to a “c-” rating in a research note on Wednesday, January 25th. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus target price of $266.42.
Shares of Tesla (NASDAQ:TSLA) traded up 1.02% during trading on Friday, reaching $305.60. The company had a trading volume of 4,504,373 shares. The stock’s market capitalization is $49.41 billion. Tesla has a 1-year low of $178.19 and a 1-year high of $313.73. The company’s 50 day moving average is $274.79 and its 200-day moving average is $232.49.
Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, February 22nd. The electric vehicle producer reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.43) by $0.26. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company earned ($0.87) EPS. The firm’s revenue for the quarter was up 88.2% on a year-over-year basis. On average, equities research analysts anticipate that Tesla will post ($1.63) earnings per share for the current year.
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In related news, CEO Elon Musk purchased 95,420 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were purchased at an average cost of $262.00 per share, for a total transaction of $25,000,040.00. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Antonio J. Gracias sold 5,600 shares of Tesla stock in a transaction on Monday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $1,424,864.00. Following the sale, the director now owns 5,600 shares in the company, valued at $1,424,864. The disclosure for this sale can be found here. Insiders have sold a total of 16,391 shares of company stock worth $4,399,594 over the last quarter. 27.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its stake in shares of Tesla by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 62 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of Tesla by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 237 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of Tesla during the fourth quarter valued at approximately $102,000. Parallel Advisors LLC bought a new stake in shares of Tesla during the fourth quarter valued at approximately $104,000. Finally, Cable Hill Partners LLC raised its stake in shares of Tesla by 36.1% in the third quarter. Cable Hill Partners LLC now owns 693 shares of the electric vehicle producer’s stock valued at $139,000 after buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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