Tesla, Inc. (NASDAQ:TSLA) Given Average Rating of "Hold" by Brokerages

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) has been assigned an average rating of "Hold" from the forty-one analysts that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $289.43.

A number of equities research analysts recently issued reports on TSLA shares. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "buy" rating and set a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Truist Financial set a $280.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Finally, Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now directly owns 23,084 shares of the company's stock, valued at approximately $6,833,325.68. The trade was a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 412,623 shares of company stock worth $115,600,501 in the last three months. Corporate insiders own 20.70% of the company's stock.

Institutional Trading of Tesla

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Tesla in the 4th quarter valued at approximately $14,420,248,000. Goldman Sachs Group Inc. raised its position in Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. Nuveen LLC purchased a new position in Tesla during the 1st quarter worth approximately $3,247,619,000. FMR LLC raised its position in Tesla by 40.1% during the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after buying an additional 9,920,325 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Tesla by 27,378.6% during the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after buying an additional 9,776,607 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 2.1%

TSLA opened at $349.98 on Friday. The company has a market capitalization of $1.13 trillion, a PE ratio of 171.56, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The firm has a 50-day simple moving average of $267.35 and a two-hundred day simple moving average of $330.09. 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 52 week low of $167.41 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts forecast that Tesla will post 2.56 earnings per share for the current fiscal year.

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.

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