Tesla, Inc. (NASDAQ:TSLA) Receives Consensus Rating of “Hold” from Analysts

Shares of Tesla, Inc. (NASDAQ:TSLA) have been given a consensus rating of “Hold” by the forty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, twenty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $398.9181.

A number of brokerages have commented on TSLA. China Renaissance increased their target price on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Dbs Bank upgraded Tesla to a “hold” rating in a report on Wednesday, November 5th. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. BNP Paribas Exane began coverage on shares of Tesla in a research report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 target price for the company. Finally, Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,606 shares of company stock worth $33,554,102 over the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently bought and sold shares of the company. Siren L.L.C. acquired a new stake in shares of Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC increased its holdings in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares during the last quarter. Norges Bank acquired a new stake in Tesla in the second quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock worth $135,688,000 after buying an additional 22,607 shares during the last quarter. Finally, Keystone Global Partners LLC acquired a new position in shares of Tesla during the 1st quarter worth about $594,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA opened at $446.74 on Thursday. The firm’s fifty day simple moving average is $434.02 and its two-hundred day simple moving average is $371.05. Tesla has a 52-week low of $214.25 and a 52-week high of $488.54. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 297.83, a PEG ratio of 14.53 and a beta of 1.87. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.

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.