UBS Group Trims Tesla (NASDAQ:TSLA) Target Price to $147.00

Tesla (NASDAQ:TSLA) had its price target cut by UBS Group from $160.00 to $147.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the electric vehicle producer’s stock.

A number of other analysts have also commented on TSLA. Wedbush reissued an outperform rating and issued a $300.00 price objective on shares of Tesla in a research report on Friday, April 19th. Barclays decreased their price target on shares of Tesla from $225.00 to $180.00 and set an equal weight rating on the stock in a research note on Wednesday, April 17th. Needham & Company LLC restated a hold rating on shares of Tesla in a research note on Wednesday. Jefferies Financial Group decreased their price target on shares of Tesla from $185.00 to $165.00 and set a hold rating on the stock in a research note on Wednesday, April 10th. Finally, TD Cowen decreased their price target on shares of Tesla from $200.00 to $180.00 and set a market perform rating on the stock in a research note on Thursday, January 25th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $186.70.

Tesla Trading Down 1.1 %

Shares of NASDAQ TSLA opened at $168.29 on Wednesday. Tesla has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a market cap of $535.97 billion, a PE ratio of 42.93, a P/E/G ratio of 4.28 and a beta of 2.39. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $175.04 and a two-hundred day moving average of $208.00.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 EPS. As a group, equities analysts expect that Tesla will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wyrmwood Management LLC bought a new position in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new position in Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC raised its holdings in Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in Tesla during the 4th quarter worth approximately $37,000. Institutional investors own 66.20% of the company’s stock.

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.