Tesla (NASDAQ:TSLA – Get Rating)'s stock had its "overweight" rating reiterated by research analysts at Barclays in a research report issued on Monday, Benzinga reports. They currently have a $275.00 price target on the electric vehicle producer's stock. Barclays's price target would suggest a potential upside of 42.75% from the stock's previous close.

Several other research firms also recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $250.00 to $220.00 in a research report on Thursday, January 19th. Morgan Stanley reduced their price target on shares of Tesla from $250.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, January 25th. Robert W. Baird reduced their price target on shares of Tesla from $316.00 to $252.00 and set an "outperform" rating for the company in a research report on Wednesday, December 28th. Wells Fargo & Company upped their price target on shares of Tesla from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, February 24th. Finally, Wedbush restated an "outperform" rating and set a $225.00 price target on shares of Tesla in a research report on Thursday, March 2nd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $222.82.

Tesla Price Performance

Shares of Tesla stock traded up $2.24 during trading hours on Monday, reaching $192.65. The stock had a trading volume of 59,548,678 shares, compared to its average volume of 177,011,422. The stock's 50 day moving average is $182.32 and its 200 day moving average is $193.55. The firm has a market capitalization of $609.56 billion, a PE ratio of 53.53, a PEG ratio of 2.26 and a beta of 2.06. Tesla has a twelve month low of $101.81 and a twelve month high of $384.29. The company has a current ratio of 1.53, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The electric vehicle producer reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.21. The business had revenue of $24.32 billion during the quarter, compared to the consensus estimate of $24.26 billion. Tesla had a net margin of 15.41% and a return on equity of 31.71%. The company's revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Equities analysts expect that Tesla will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CAO Vaibhav Taneja sold 2,466 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $195.79, for a total transaction of $482,818.14. Following the sale, the chief accounting officer now directly owns 100,458 shares in the company, valued at approximately $19,668,671.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Andrew D. Baglino sold 1,298 shares of the firm's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $195.79, for a total value of $254,135.42. Following the sale, the senior vice president now directly owns 65,547 shares in the company, valued at approximately $12,833,447.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Vaibhav Taneja sold 2,466 shares of the firm's stock in a transaction on Monday, March 6th. The shares were sold at an average price of $195.79, for a total transaction of $482,818.14. Following the completion of the sale, the chief accounting officer now owns 100,458 shares in the company, valued at $19,668,671.82. The disclosure for this sale can be found here. Insiders have sold a total of 53,221 shares of company stock worth $8,988,542 in the last ninety days. 25.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Trust Co. of Toledo NA OH lifted its stake in Tesla by 1.2% during the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer's stock valued at $676,000 after buying an additional 12 shares in the last quarter. MidWestOne Financial Group Inc. increased its holdings in Tesla by 3.3% in the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock worth $509,000 after buying an additional 15 shares during the last quarter. Condor Capital Management boosted its position in Tesla by 0.6% during the second quarter. Condor Capital Management now owns 2,662 shares of the electric vehicle producer's stock worth $1,793,000 after purchasing an additional 16 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in Tesla by 6.2% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 310 shares of the electric vehicle producer's stock worth $209,000 after purchasing an additional 18 shares during the period. Finally, Kavar Capital Partners Group LLC boosted its position in shares of Tesla by 1.5% in the second quarter. Kavar Capital Partners Group LLC now owns 1,363 shares of the electric vehicle producer's stock valued at $918,000 after acquiring an additional 20 shares during the period. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Tesla Company Profile

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Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.

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