Tesla (NASDAQ:TSLA) PT Lowered to $180.00

Tesla (NASDAQ:TSLA) had its price target decreased by Barclays from $225.00 to $180.00 in a report published on Wednesday, Marketbeat.com reports. Barclays currently has an equal weight rating on the electric vehicle producer’s stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group decreased their price target on shares of Tesla from $185.00 to $165.00 and set a hold rating for the company in a research report on Wednesday, April 10th. TD Cowen decreased 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 report on Thursday, January 25th. Wells Fargo & Company decreased their price objective on shares of Tesla from $125.00 to $120.00 and set an underweight rating for the company in a research report on Friday, April 12th. Citigroup decreased their price objective on shares of Tesla from $196.00 to $180.00 and set a neutral rating for the company in a research report on Friday, April 12th. Finally, Oppenheimer reaffirmed a market perform rating on shares of Tesla in a research report on Tuesday, April 2nd. Ten analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $194.70.

Tesla Stock Performance

Shares of TSLA stock opened at $147.05 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. Tesla has a 52 week low of $146.22 and a 52 week high of $299.29. The stock has a market capitalization of $468.32 billion, a PE ratio of 34.12, a P/E/G ratio of 4.11 and a beta of 2.39. The firm has a 50 day moving average of $178.51 and a two-hundred day moving average of $211.48.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business had revenue of $25.17 billion during the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the prior year, the business earned $1.07 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts predict that Tesla will post 1.97 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 over the last ninety days. 25.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Axiom Financial Strategies LLC boosted its holdings in Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after buying an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after buying an additional 164,789 shares in the last quarter. MAS Advisors LLC boosted its holdings in Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares in the last quarter. Ergoteles LLC boosted its holdings in Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after buying an additional 4,593 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

About Tesla

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.