Tesla (NASDAQ:TSLA) Price Target Cut to $200.00 by Analysts at Deutsche Bank Aktiengesellschaft

Tesla (NASDAQ:TSLA) had its price target decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from $218.00 to $200.00 in a report released on Thursday, Briefing.com reports. The firm presently has a “buy” rating on the electric vehicle producer’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 11.22% from the stock’s previous close.

Several other research firms also recently weighed in on TSLA. Truist Financial reduced their price target on shares of Tesla from $227.00 to $193.00 and set a “hold” rating for the company in a research report on Thursday, January 25th. TD Cowen dropped their price objective on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Citigroup dropped their price objective on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating for the company in a research note on Wednesday. Edward Jones cut shares of Tesla from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group dropped their price objective on shares of Tesla from $225.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, January 29th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $204.63.

Tesla Trading Up 1.2 %

Shares of Tesla stock opened at $179.83 on Thursday. The firm has a 50-day simple moving average of $188.49 and a two-hundred day simple moving average of $222.36. The company has a market cap of $572.72 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. Tesla has a fifty-two week low of $152.37 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The company had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter last year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Tesla will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,631,600. The disclosure for this sale can be found here. Insiders sold 198,598 shares of company stock valued at $36,952,434 in the last 90 days. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several institutional investors have recently modified their holdings of TSLA. Synergy Financial Group LTD lifted its position in Tesla by 7.3% in the second quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock valued at $1,684,000 after acquiring an additional 438 shares during the last quarter. New Republic Capital LLC purchased a new stake in Tesla in the second quarter valued at $429,000. Oak Ridge Investments LLC lifted its position in Tesla by 4.6% in the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after acquiring an additional 1,405 shares during the last quarter. Charter Oak Capital Management LLC lifted its position in Tesla by 8.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock valued at $318,000 after acquiring an additional 104 shares during the last quarter. Finally, CWM LLC lifted its position in Tesla by 14.4% in the third quarter. CWM LLC now owns 146,740 shares of the electric vehicle producer’s stock valued at $36,717,000 after acquiring an additional 18,462 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.