Tesla (NASDAQ:TSLA) Price Target Raised to $136.00 at Deutsche Bank Aktiengesellschaft

Tesla (NASDAQ:TSLA - Get Free Report) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $123.00 to $136.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "hold" rating on the electric vehicle producer's stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential downside of 20.08% from the stock's current price.

Several other research firms have also recently weighed in on TSLA. Citigroup increased their price target on shares of Tesla from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday. Robert W. Baird reissued an "outperform" rating and issued a $280.00 price target on shares of Tesla in a research note on Wednesday, April 17th. Sanford C. Bernstein decreased their price objective on shares of Tesla from $150.00 to $120.00 and set an "underperform" rating on the stock in a report on Tuesday, March 26th. China Renaissance initiated coverage on shares of Tesla in a report on Monday, February 26th. They issued a "hold" rating on the stock. Finally, Mizuho decreased their price objective on shares of Tesla from $195.00 to $180.00 and set a "neutral" rating on the stock in a report on Wednesday. Eight equities research 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.com, the company presently has an average rating of "Hold" and a consensus price target of $186.70.

Tesla Price Performance

NASDAQ TSLA traded up $8.05 during trading hours on Thursday, hitting $170.18. 125,491,695 shares of the company's stock traded hands, compared to its average volume of 103,300,719. Tesla has a 52-week low of $138.80 and a 52-week high of $299.29. The company has a market capitalization of $541.99 billion, a PE ratio of 42.02, a PEG ratio of 3.82 and a beta of 2.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. The firm's 50-day moving average is $176.28 and its 200-day moving average is $208.91.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.68%. The firm had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. During the same period last year, the company earned $1.07 EPS. The business's quarterly revenue was up 3.5% on a year-over-year basis. Equities analysts forecast that Tesla will post 1.97 EPS for the current fiscal year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 687 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the transaction, the director now directly owns 15,000 shares of the company's stock, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at $11,188,215.81. 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. 25.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSLA. GHP Investment Advisors Inc. grew its position in Tesla by 18.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer's stock worth $232,000 after purchasing an additional 146 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Tesla by 73.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,430 shares of the electric vehicle producer's stock worth $1,859,000 after acquiring an additional 3,156 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Tesla by 39.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,370 shares of the electric vehicle producer's stock worth $343,000 after acquiring an additional 391 shares during the period. Welch Group LLC lifted its stake in shares of Tesla by 6.2% in the 3rd quarter. Welch Group LLC now owns 1,424 shares of the electric vehicle producer's stock worth $356,000 after acquiring an additional 83 shares during the period. Finally, Opal Wealth Advisors LLC lifted its stake in shares of Tesla by 1.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer's stock worth $1,089,000 after acquiring an additional 42 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

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.