Tesla (NASDAQ:TSLA – Get Rating) had its price objective upped by JPMorgan Chase & Co. from $137.00 to $153.00 in a report published on Monday, The Fly reports.
A number of other analysts also recently weighed in on TSLA. Wedbush cut their target price on Tesla to $360.00 and set an outperform rating for the company in a research report on Thursday, August 25th. Cowen upped their target price on Tesla from $233.33 to $244.33 in a research report on Thursday, July 21st. Canaccord Genuity Group upped their target price on Tesla from $271.67 to $293.67 and gave the company a buy rating in a research report on Monday, August 8th. UBS Group upgraded Tesla from a neutral rating to a buy rating and set a $366.67 price objective for the company in a research report on Thursday, June 9th. Finally, Piper Sandler dropped their price objective on Tesla from $360.00 to $340.00 and set an overweight rating for the company in a research report on Thursday, September 29th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $288.48.
Get Tesla alerts:Tesla Stock Performance
TSLA opened at $242.40 on Monday. The business has a fifty day simple moving average of $289.40 and a 200 day simple moving average of $279.84. The company has a market capitalization of $753.39 billion, a PE ratio of 87.61, a price-to-earnings-growth ratio of 2.33 and a beta of 2.11. Tesla has a 1 year low of $206.86 and a 1 year high of $414.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.43 and a quick ratio of 1.06.
Tesla (NASDAQ:TSLA – Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The electric vehicle producer reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.16. The business had revenue of $16.93 billion during the quarter, compared to the consensus estimate of $16.92 billion. Tesla had a return on equity of 29.04% and a net margin of 14.17%. The firm's quarterly revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. Research analysts expect that Tesla will post 3.65 EPS for the current year.Insider Activity at Tesla
In related news, SVP Andrew D. Baglino sold 3,500 shares of the company's stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $791.50, for a total transaction of $2,770,250.00. Following the sale, the senior vice president now owns 20,567 shares in the company, valued at approximately $16,278,780.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tesla news, Director Kathleen Wilson-Thompson sold 17,500 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $863.78, for a total value of $15,116,150.00. Following the transaction, the director now owns 1,800 shares in the company, valued at $1,554,804. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 3,500 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $791.50, for a total value of $2,770,250.00. Following the completion of the transaction, the senior vice president now owns 20,567 shares in the company, valued at approximately $16,278,780.50. The disclosure for this sale can be found here. Insiders have sold a total of 80,750 shares of company stock worth $40,199,130 in the last 90 days. Corporate insiders own 25.10% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFO TDC LLC bought a new position in Tesla in the second quarter worth approximately $27,000. Horan Securities Inc. lifted its holdings in shares of Tesla by 164.3% in the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of Tesla in the first quarter valued at approximately $28,000. First Financial Corp IN bought a new position in shares of Tesla in the first quarter valued at approximately $32,000. Finally, Greenspring Advisors LLC bought a new position in shares of Tesla in the first quarter valued at approximately $32,000. Institutional investors own 43.01% of the company's stock.
Tesla Company Profile
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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.
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