Tesla (NASDAQ:TSLA) PT Lowered to $165.00 at Jefferies Financial Group

Tesla (NASDAQ:TSLA - Free Report) had its price target decreased by Jefferies Financial Group from $185.00 to $165.00 in a research report released on Wednesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the electric vehicle producer's stock.

Several other analysts also recently weighed in on TSLA. UBS Group lowered their price target on shares of Tesla from $225.00 to $165.00 and set a neutral rating for the company in a research note on Thursday, March 14th. Daiwa Capital Markets cut shares of Tesla from an outperform rating to a neutral rating and decreased their price objective for the company from $245.00 to $195.00 in a research report on Tuesday, February 6th. Oppenheimer reissued a market perform rating on shares of Tesla in a research note on Tuesday, April 2nd. Canaccord Genuity Group lowered their price target on Tesla from $267.00 to $234.00 and set a buy rating for the company in a research report on Thursday, January 25th. Finally, Mizuho restated a neutral rating and set a $195.00 target price (down previously from $270.00) on shares of Tesla in a report on Monday, March 25th. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $199.59.

Tesla Price Performance

Shares of TSLA traded down $5.12 during trading hours on Wednesday, reaching $171.76. 84,332,830 shares of the company's stock traded hands, compared to its average volume of 102,946,250. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The firm's 50 day simple moving average is $182.77 and its 200-day simple moving average is $215.81. The stock has a market cap of $547.02 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 3.40 and a beta of 2.39. Tesla has a 12 month low of $152.37 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. Equities analysts expect that Tesla will post 2.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,706 shares of the 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 sale, the director now owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The stock was 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 is available through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last three months. 20.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Contravisory Investment Management Inc. acquired a new position in shares of Tesla during the third quarter worth about $25,000. Wyrmwood Management LLC purchased a new stake in Tesla in the 4th quarter valued at about $25,000. Lam Group Inc. purchased a new position in shares of Tesla in the 4th quarter worth $25,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Tesla in the third quarter worth $27,000. Finally, Halpern Financial Inc. lifted its holdings in shares of Tesla by 1,111.1% during the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.