Tesla (NASDAQ:TSLA) Rating Reiterated by Oppenheimer

Tesla (NASDAQ:TSLA)‘s stock had its “market perform” rating restated by analysts at Oppenheimer in a research note issued on Tuesday, Benzinga reports.

Several other brokerages also recently commented on TSLA. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 target price on shares of Tesla in a research note on Monday. Wedbush restated an “outperform” rating and issued a $275.00 target price on shares of Tesla in a research note on Friday, June 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $175.00 target price on shares of Tesla in a research note on Friday, June 14th. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, June 20th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $187.30.

Tesla Trading Up 7.3 %

Tesla stock traded up $15.24 during trading hours on Tuesday, reaching $225.10. 43,043,191 shares of the company’s stock were exchanged, compared to its average volume of 95,236,242. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm’s 50 day simple moving average is $177.80 and its 200 day simple moving average is $191.38. Tesla has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market capitalization of $717.89 billion, a PE ratio of 56.35, a PEG ratio of 4.91 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Research analysts predict that Tesla will post 1.86 earnings per share for the current year.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Institutional Trading of Tesla

Several hedge funds have recently added to or reduced their stakes in TSLA. Glenmede Trust Co. NA lifted its stake in Tesla by 3.5% in the third quarter. Glenmede Trust Co. NA now owns 38,224 shares of the electric vehicle producer’s stock worth $9,564,000 after purchasing an additional 1,303 shares during the last quarter. JT Stratford LLC boosted its holdings in shares of Tesla by 5.4% during the third quarter. JT Stratford LLC now owns 16,755 shares of the electric vehicle producer’s stock worth $4,192,000 after purchasing an additional 855 shares during the period. Sei Investments Co. boosted its holdings in shares of Tesla by 8.1% during the third quarter. Sei Investments Co. now owns 599,982 shares of the electric vehicle producer’s stock worth $150,120,000 after purchasing an additional 44,985 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Tesla by 2.4% during the third quarter. Scotia Capital Inc. now owns 87,131 shares of the electric vehicle producer’s stock worth $21,804,000 after purchasing an additional 2,018 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Tesla by 5.2% in the third quarter. Schroder Investment Management Group now owns 1,981,722 shares of the electric vehicle producer’s stock worth $495,866,000 after buying an additional 98,052 shares during the period. 66.20% of the stock is owned by 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.