Tesla (NASDAQ:TSLA) Receives “Neutral” Rating from Barclays

Tesla (NASDAQ:TSLAGet Free Report)‘s stock had its “neutral” rating restated by analysts at Barclays in a research report issued to clients and investors on Wednesday,MarketScreener reports.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Wells Fargo & Company reduced their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Glj Research restated a “sell” rating on shares of Tesla in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Hold” and an average price target of $398.29.

View Our Latest Analysis on Tesla

Tesla Trading Up 1.1%

Tesla stock opened at $438.41 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $384.23 and a two-hundred day moving average price of $418.21. The firm has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 402.21, a PEG ratio of 17.17 and a beta of 1.79. Tesla has a 52-week low of $273.21 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. Sell-side analysts expect that Tesla will post 1.23 earnings per share for the current year.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,213 shares of company stock worth $30,851,105. Corporate insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Tesla in the 4th quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC raised its holdings in Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE increased its holdings in Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its holdings in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after acquiring an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. increased its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

(Get Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

Featured Stories

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.