Tesla, Inc. (NASDAQ:TSLA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLA) have earned an average recommendation of “Hold” from the thirty-seven ratings firms that are covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $318.77.

Several research firms recently weighed in on TSLA. Canaccord Genuity Group raised their price objective on Tesla from $298.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Barclays raised their price objective on Tesla from $270.00 to $325.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Glj Research reaffirmed a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research note on Wednesday, February 12th. Stifel Nicolaus cut their price target on Tesla from $492.00 to $474.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total transaction of $35,254,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,903,716. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total value of $43,162,255.60. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 403,996 shares of company stock worth $153,721,387 over the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Several institutional investors have recently bought and sold shares of TSLA. Swedbank AB grew its holdings in Tesla by 2.8% during the third quarter. Swedbank AB now owns 1,098,717 shares of the electric vehicle producer’s stock worth $287,457,000 after buying an additional 29,669 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Tesla during the third quarter worth $403,000. Lansing Street Advisors grew its holdings in Tesla by 4.0% during the third quarter. Lansing Street Advisors now owns 1,852 shares of the electric vehicle producer’s stock worth $485,000 after buying an additional 72 shares in the last quarter. Blue Square Asset Management LLC grew its holdings in Tesla by 9.0% during the third quarter. Blue Square Asset Management LLC now owns 28,527 shares of the electric vehicle producer’s stock worth $7,464,000 after buying an additional 2,350 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Tesla by 12.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 817,309 shares of the electric vehicle producer’s stock worth $213,833,000 after buying an additional 93,389 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 2.8 %

Shares of NASDAQ TSLA opened at $284.65 on Tuesday. The stock’s fifty day moving average is $382.44 and its 200 day moving average is $318.01. The stock has a market capitalization of $915.58 billion, a P/E ratio of 139.53, a PEG ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Sell-side analysts forecast that Tesla will post 2.56 earnings per share for the current fiscal year.

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.