Wedbush reiterated their outperform rating on shares of Tesla (NASDAQ:TSLA – Get Rating) in a research report released on Wednesday, Benzinga reports. They currently have a $225.00 price objective on the electric vehicle producer's stock.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Tesla from $250.00 to $220.00 in a research note on Thursday, January 19th. Edward Jones raised Tesla from a hold rating to a buy rating in a research note on Thursday, January 5th. Argus reduced their price objective on Tesla from $374.00 to $257.00 and set a buy rating for the company in a research note on Friday, January 27th. Piper Sandler cut their target price on Tesla from $340.00 to $300.00 and set an overweight rating on the stock in a research report on Wednesday, January 18th. Finally, Morgan Stanley cut their price objective on Tesla from $250.00 to $220.00 and set an overweight rating on the stock in a research report on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of Hold and a consensus price target of $222.82.

Tesla Trading Up 6.2 %

NASDAQ:TSLA opened at $207.46 on Wednesday. Tesla has a twelve month low of $101.81 and a twelve month high of $384.29. The company has a quick ratio of 1.05, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $189.00 and a two-hundred day moving average price of $191.45. The company has a market cap of $656.42 billion, a P/E ratio of 57.26, a price-to-earnings-growth ratio of 2.25 and a beta of 2.06.

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

Insider Buying and Selling at Tesla

In other news, CFO Zachary Kirkhorn sold 3,752 shares of the business's stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Friday, January 27th. The stock was sold at an average price of $162.50, for a total transaction of $1,706,250.00. Following the completion of the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $10,442,087.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Kirkhorn sold 3,752 shares of the firm's stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total value of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,221 shares of company stock valued at $9,795,572. Company insiders own 25.10% of the company's stock.

Hedge Funds Weigh In On Tesla

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Tesla by 212.2% in the third quarter. Vanguard Group Inc. now owns 213,024,517 shares of the electric vehicle producer's stock valued at $56,504,752,000 after purchasing an additional 144,784,989 shares during the last quarter. State Street Corp lifted its holdings in shares of Tesla by 213.5% during the third quarter. State Street Corp now owns 99,647,239 shares of the electric vehicle producer's stock worth $26,431,430,000 after purchasing an additional 67,859,515 shares during the period. Geode Capital Management LLC lifted its holdings in Tesla by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 49,109,751 shares of the electric vehicle producer's stock valued at $6,037,981,000 after acquiring an additional 1,614,023 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Tesla by 229.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 46,956,884 shares of the electric vehicle producer's stock valued at $12,493,433,000 after acquiring an additional 32,723,798 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Tesla by 200.2% in the third quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer's stock valued at $7,840,155,000 after buying an additional 19,711,687 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company's stock.

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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