Tesla (NASDAQ:TSLA) Price Target Lowered to $474.00 at Stifel Nicolaus

Tesla (NASDAQ:TSLA - Get Free Report) had its price objective decreased by Stifel Nicolaus from $492.00 to $474.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the electric vehicle producer's stock. Stifel Nicolaus' price target would suggest a potential upside of 33.46% from the stock's previous close.

TSLA has been the subject of several other reports. Robert W. Baird decreased their price target on shares of Tesla from $480.00 to $440.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Barclays increased their price objective on Tesla from $270.00 to $325.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Bank of America downgraded Tesla from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $400.00 to $490.00 in a report on Tuesday, January 7th. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target for the company in a research note on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on Tesla from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $326.50.

Tesla Price Performance

Shares of NASDAQ:TSLA traded up $18.65 during trading on Monday, hitting $355.16. 75,914,625 shares of the company were exchanged, compared to its average volume of 77,324,805. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla has a 1-year low of $138.80 and a 1-year high of $488.54. The company has a market capitalization of $1.14 trillion, a P/E ratio of 173.66, a price-to-earnings-growth ratio of 6.22 and a beta of 2.34. The business's 50 day moving average is $407.25 and its 200-day moving average is $306.44.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS 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%. Equities analysts forecast that Tesla will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $37,226,491.76. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,776 shares of company stock valued at $231,335,112. Company insiders own 20.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Horrell Capital Management Inc. grew its stake in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. boosted its holdings in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after purchasing an additional 58 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Tesla during the 4th quarter valued at $38,000. Delos Wealth Advisors LLC raised its position in shares of Tesla by 300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 100 shares of the electric vehicle producer's stock worth $40,000 after buying an additional 75 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in Tesla during the fourth quarter valued at $44,000. Hedge funds and other institutional investors 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.