Barclays Cuts Tesla (NASDAQ:TSLA) Price Target to $180.00

Tesla (NASDAQ:TSLA - Get Free Report) had its target price reduced by analysts at Barclays from $225.00 to $180.00 in a report released on Wednesday, Marketbeat reports. The brokerage presently has an "equal weight" rating on the electric vehicle producer's stock. Barclays's price objective would suggest a potential upside of 15.79% from the stock's current price.

A number of other equities analysts also recently weighed in on TSLA. Robert W. Baird dropped their target price on Tesla from $300.00 to $280.00 and set an "outperform" rating on the stock in a report on Tuesday, April 2nd. Jefferies Financial Group cut their target price on shares of Tesla from $185.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, April 10th. The Goldman Sachs Group dropped their price target on shares of Tesla from $190.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 9th. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a report on Tuesday, April 2nd. Finally, China Renaissance initiated coverage on Tesla in a research report on Monday, February 26th. They issued a "hold" rating on the stock. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $197.15.

Tesla Trading Down 1.1 %

Shares of TSLA stock traded down $1.66 during trading hours on Wednesday, reaching $155.45. 82,283,222 shares of the stock traded hands, compared to its average volume of 101,923,211. The business has a fifty day moving average price of $180.88 and a 200 day moving average price of $213.04. Tesla has a 1-year low of $152.37 and a 1-year high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $495.08 billion, a PE ratio of 36.38, a PEG ratio of 4.25 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. On average, equities research analysts forecast that Tesla will post 1.98 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares in the company, valued at $2,631,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company's stock, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last ninety days. 20.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tesla

Hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Group LLC increased its stake in Tesla by 22.3% in the first quarter. Cornerstone Wealth Group LLC now owns 7,238 shares of the electric vehicle producer's stock valued at $1,272,000 after acquiring an additional 1,318 shares during the period. Physician Wealth Advisors Inc. raised its holdings in shares of Tesla by 1.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 5,406 shares of the electric vehicle producer's stock worth $950,000 after buying an additional 65 shares in the last quarter. Founders Financial Securities LLC raised its holdings in shares of Tesla by 2.7% in the 1st quarter. Founders Financial Securities LLC now owns 10,802 shares of the electric vehicle producer's stock worth $1,899,000 after buying an additional 287 shares in the last quarter. Foguth Wealth Management LLC. acquired a new stake in Tesla in the 1st quarter valued at $3,413,000. Finally, Gibson Capital LLC bought a new stake in Tesla in the first quarter valued at $192,000. Institutional investors and hedge funds own 66.20% of the company's stock.

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.