Tesla Inc. (TSLA) Rating Reiterated by Oppenheimer Holdings, Inc.
Tesla Inc. (NASDAQ:TSLA)‘s stock had its “hold” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday.
Several other equities analysts also recently issued reports on the company. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective for the company in a research report on Friday, October 13th. Citigroup Inc. began coverage on Tesla in a research report on Thursday, July 20th. They issued a “neutral” rating and a $357.00 price objective for the company. Morgan Stanley restated a “hold” rating and set a $317.00 target price on shares of Tesla in a research report on Thursday, September 7th. Sanford C. Bernstein restated a “market perform” rating and set a $265.00 target price on shares of Tesla in a research report on Tuesday, October 3rd. Finally, Jefferies Group LLC downgraded Tesla from an “in-line” rating to an “underperform” rating and dropped their target price for the stock from $312.00 to $240.00 in a research report on Friday, October 27th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $330.28.
Tesla (TSLA) opened at $315.05 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla has a 52-week low of $180.00 and a 52-week high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities research analysts predict that Tesla will post -11.38 EPS for the current fiscal year.
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In other Tesla news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $355.20, for a total value of $777,888.00. Following the sale, the director now owns 158,584 shares of the company’s stock, valued at approximately $56,329,036.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the sale, the director now directly owns 36,111 shares in the company, valued at approximately $12,290,739.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,518 shares of company stock worth $18,819,611. Company insiders own 23.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Janus Henderson Group PLC boosted its holdings in shares of Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after acquiring an additional 305,596 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tesla by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after acquiring an additional 292,602 shares in the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at $66,601,000. Jasper Ridge Partners L.P. boosted its holdings in shares of Tesla by 7,001.5% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after acquiring an additional 159,005 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at $52,108,000. 56.36% of the stock is currently owned by institutional investors.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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