Tesla, Inc. (NASDAQ:TSLA – Get Free Report) rose 0.1% during trading on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $123.00 to $136.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Tesla traded as high as $171.25 and last traded at $170.27. Approximately 43,083,689 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 102,489,289 shares. The stock had previously closed at $170.18.
Several other equities analysts also recently weighed in on TSLA. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday. HSBC lowered their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research note on Wednesday. Citigroup raised their price target on Tesla from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 price objective on shares of Tesla in a research note on Monday. Finally, Truist Financial cut their target price on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $186.70.
View Our Latest Research Report on Tesla
Insider Buying and Selling at Tesla
Institutional Investors Weigh In On Tesla
Several hedge funds and other institutional investors have recently modified their holdings of TSLA. Wyrmwood Management LLC purchased a new stake in Tesla in the fourth quarter worth $25,000. Lam Group Inc. bought a new position in shares of Tesla in the fourth quarter worth about $25,000. Mendota Financial Group LLC increased its stake in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV lifted its holdings in Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 69 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in Tesla in the 4th quarter valued at about $37,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Price Performance
The firm has a market capitalization of $543.23 billion, a P/E ratio of 43.44, a P/E/G ratio of 4.28 and a beta of 2.39. The stock’s 50 day simple moving average is $175.67 and its 200 day simple moving average is $208.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS. As a group, analysts expect that Tesla, Inc. will post 1.97 earnings per share for the current fiscal year.
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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