Tesla, Inc. (NASDAQ:TSLA) Receives Average Rating of "Hold" from Brokerages

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) has earned a consensus rating of "Hold" from the forty-two research firms that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $303.3141.

A number of research analysts have recently weighed in on TSLA shares. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Bank of America lifted their target price on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Morgan Stanley reiterated an "overweight" rating and issued a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Finally, Canaccord Genuity Group upped their price objective on shares of Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a research note on Thursday, July 24th.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 5,924 shares in the company, valued at $1,777,200. The trade was a 25.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,564 shares of company stock valued at $9,757,390. 20.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

A number of large investors have recently bought and sold shares of TSLA. Norges Bank bought a new stake in Tesla in the second quarter worth $11,839,824,000. Goldman Sachs Group Inc. boosted its holdings in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Nuveen LLC bought a new stake in Tesla during the first quarter valued at about $3,247,619,000. GAMMA Investing LLC boosted its holdings in Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after acquiring an additional 9,776,607 shares during the period. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after acquiring an additional 6,435,598 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $346.60 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 200.35, a PEG ratio of 11.82 and a beta of 2.33. The stock's fifty day simple moving average is $321.62 and its 200 day simple moving average is $302.48. Tesla has a 52-week low of $202.59 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.