Tesla (NASDAQ:TSLA) Price Target Raised to $215.00 at UBS Group

Tesla (NASDAQ:TSLA - Get Free Report) had its price objective lifted by equities research analysts at UBS Group from $190.00 to $215.00 in a report issued on Monday,Benzinga reports. The firm currently has a "sell" rating on the electric vehicle producer's stock. UBS Group's price target would suggest a potential downside of 39.32% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reissued an "overweight" rating and set a $410.00 price target on shares of Tesla in a research report on Friday, June 6th. Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research note on Friday. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. BNP Paribas set a $137.00 target price on Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Finally, Robert W. Baird restated a "neutral" rating and set a $320.00 target price on shares of Tesla in a research report on Monday, June 9th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $294.58.

Tesla Price Performance

TSLA stock traded up $32.15 during mid-day trading on Monday, hitting $354.31. 69,109,602 shares of the stock were exchanged, compared to its average volume of 101,070,465. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The stock has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 195.71, a PEG ratio of 12.05 and a beta of 2.47. The business has a fifty day moving average price of $306.22 and a 200 day moving average price of $331.70. Tesla has a 12 month low of $182.00 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS 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 the consensus estimate of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that Tesla will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the transaction, the director now directly owns 855,394 shares in the company, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock valued at $278,648,925 in the last quarter. 20.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. True Wealth Design LLC raised its holdings in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the period. GS Investments Inc. increased its position in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the period. Navigoe LLC bought a new stake in shares of Tesla during the 4th quarter valued at $37,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

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.

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