Tesla Inc (TSLA) Given “Hold” Rating at Deutsche Bank AG
Tesla Inc (NASDAQ:TSLA)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a $240.00 price objective on the electric vehicle producer’s stock, up from their prior price objective of $220.00. Deutsche Bank AG’s target price would suggest a potential downside of 8.37% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Morgan Stanley reduced their target price on Tesla from $245.00 to $242.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 23rd. Goldman Sachs Group Inc restated a “sell” rating and set a $187.00 price target (up from $185.00) on shares of Tesla in a research report on Friday. Vetr lowered shares of Tesla from a “hold” rating to a “sell” rating and set a $244.13 price target for the company. in a research report on Tuesday, March 14th. TheStreet upgraded shares of Tesla from a “d+” rating to a “c-” rating in a research report on Wednesday, January 25th. Finally, Sanford C. Bernstein started coverage on shares of Tesla in a research report on Wednesday, March 8th. They set a “market perform” rating and a $250.00 price target for the company. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $254.69.
Shares of Tesla (NASDAQ:TSLA) traded up 0.16% during trading on Monday, hitting $261.92. The stock had a trading volume of 3,614,294 shares. Tesla has a one year low of $178.19 and a one year high of $287.39. The stock has a 50 day moving average price of $258.19 and a 200-day moving average price of $218.53. The stock’s market capitalization is $42.34 billion.
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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. The firm earned $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. The company’s revenue for the quarter was up 88.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.87) EPS. On average, equities research analysts predict that Tesla will post ($1.42) earnings per share for the current year.
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In other Tesla news, VP John Douglas Field sold 1,000 shares of Tesla stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $228.61, for a total value of $228,610.00. Following the completion of the sale, the vice president now owns 15,433 shares of the company’s stock, valued at approximately $3,528,138.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Antonio J. Gracias sold 5,600 shares of Tesla stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $254.37, for a total transaction of $1,424,472.00. Following the completion of the sale, the director now directly owns 5,600 shares of the company’s stock, valued at approximately $1,424,472. The disclosure for this sale can be found here. Insiders have sold 14,700 shares of company stock valued at $3,610,196 in the last three months. 27.70% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its position 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 boosted its position 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 acquired a new position in shares of Tesla during the fourth quarter valued at $102,000. Parallel Advisors LLC acquired a new position in shares of Tesla during the fourth quarter valued at $104,000. Finally, Cable Hill Partners LLC boosted its position 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. 57.29% of the stock is owned by institutional investors and hedge funds.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world.
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