Tesla, Inc. (NASDAQ:TSLA) Given Average Recommendation of “Hold” by Brokerages

Shares of Tesla, Inc. (NASDAQ:TSLAGet Free Report) have earned an average rating of “Hold” from the forty-six analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $408.0651.

A number of brokerages recently weighed in on TSLA. Morgan Stanley increased their price target on shares of Tesla from $415.00 to $417.00 and gave the company an “equal weight” rating in a research report on Tuesday. Phillip Securities lowered their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. Wells Fargo & Company reissued an “underweight” rating and set a $130.00 price target (up from $125.00) on shares of Tesla in a research report on Tuesday. Finally, Roth Capital reissued a “buy” rating on shares of Tesla in a report on Monday.

Read Our Latest Stock Analysis on Tesla

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

A number of large investors have recently bought and sold shares of the business. PFS Partners LLC boosted its holdings in shares of Tesla by 4.2% in the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 24 shares during the period. Boltwood Capital Management raised its holdings in shares of Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after acquiring an additional 25 shares during the period. Woodmont Investment Counsel LLC raised its holdings in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after acquiring an additional 25 shares during the period. Aspect Partners LLC lifted its position in Tesla by 12.5% in the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after acquiring an additional 25 shares in the last quarter. Finally, Human Investing LLC boosted its stake in Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Trading Down 0.9%

NASDAQ TSLA opened at $391.06 on Friday. Tesla has a 12 month low of $297.82 and a 12 month high of $498.83. The stock has a 50-day simple moving average of $410.37 and a 200 day simple moving average of $406.18. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.47 trillion, a PE ratio of 358.77, a P/E/G ratio of 14.39 and a beta of 1.80.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Research analysts forecast that Tesla will post 1.3 EPS for the current year.

More Tesla News

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Tesla Company Profile

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Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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