Tesla (NASDAQ:TSLA) Given New $215.00 Price Target at UBS Group

Tesla (NASDAQ:TSLA) had its price objective upped by UBS Group from $190.00 to $215.00 in a report issued on Monday,Benzinga reports. They currently have a sell rating on the electric vehicle producer’s stock.

A number of other equities analysts have also recently issued reports on TSLA. Raymond James Financial cut Tesla to an “outperform” rating in a report on Tuesday, April 22nd. Robert W. Baird restated a “neutral” rating and set a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Guggenheim reaffirmed a “sell” rating and issued a $175.00 price objective on shares of Tesla in a research note on Monday. Cfra Research downgraded shares of Tesla from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their target price on shares of Tesla from $314.00 to $307.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $294.58.

Tesla Trading Up 8.2%

Shares of TSLA stock opened at $348.68 on Monday. The stock’s fifty day moving average price is $308.14 and its two-hundred day moving average price is $331.42. The company has a market cap of $1.12 trillion, a PE ratio of 191.58, a P/E/G ratio of 12.05 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla has a fifty-two week low of $182.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the firm posted $0.45 EPS. Equities analysts predict that Tesla will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Joseph Gebbia acquired 4,000 shares of Tesla stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the acquisition, the director now directly owns 4,111 shares of the company’s stock, valued at $1,053,690.41. This represents a 3,603.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president now directly owns 67,600 shares of the company’s stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

A number of hedge funds have recently added to or reduced their stakes in the stock. Blackston Financial Advisory Group LLC boosted its position in shares of Tesla by 1.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock valued at $875,000 after buying an additional 27 shares during the last quarter. Kooman & Associates lifted its stake in Tesla by 2.4% during the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer’s stock valued at $480,000 after acquiring an additional 28 shares in the last quarter. Rinkey Investments boosted its holdings in Tesla by 3.5% during the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer’s stock worth $347,000 after acquiring an additional 29 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Tesla by 2.6% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer’s stock worth $483,000 after acquiring an additional 30 shares in the last quarter. Finally, Ndwm LLC raised its holdings in shares of Tesla by 0.8% in the fourth quarter. Ndwm LLC now owns 3,563 shares of the electric vehicle producer’s stock valued at $1,439,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Company Profile

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.