Citigroup restated their neutral rating on shares of Tesla (NASDAQ:TSLA) in a report released on Thursday, MarketBeat Ratings reports. They currently have a $347.00 price objective on the electric vehicle producer’s stock, down from their previous price objective of $367.00.
Other equities analysts have also recently issued research reports about the company. Global Equities Research reissued a buy rating and set a $485.00 price objective on shares of Tesla in a research report on Wednesday, November 29th. Vetr raised Tesla from a sell rating to a buy rating and set a $331.07 price objective for the company in a research report on Tuesday, December 26th. Nomura reissued a buy rating and set a $500.00 price objective on shares of Tesla in a research report on Thursday, January 4th. Piper Jaffray Companies set a $385.00 price objective on Tesla and gave the stock a buy rating in a research report on Thursday, February 8th. Finally, Berenberg Bank set a $470.00 price objective on Tesla and gave the stock a buy rating in a research report on Thursday, February 8th. Twelve investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $321.86.
Tesla (TSLA) opened at $327.17 on Thursday. Tesla has a 12-month low of $242.78 and a 12-month high of $389.61. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. The firm has a market capitalization of $54,990.00, a PE ratio of -43.68 and a beta of 1.01.
In other news, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric Branderiz sold 452 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $325.44, for a total value of $147,098.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,119 shares of company stock valued at $2,983,344. Insiders own 23.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Tesla in the 3rd quarter valued at approximately $100,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Tesla in the 3rd quarter valued at approximately $106,000. Truewealth LLC bought a new stake in shares of Tesla in the 4th quarter valued at approximately $102,000. Avestar Capital LLC bought a new stake in shares of Tesla in the 4th quarter valued at approximately $144,000. Finally, Jarislowsky Fraser Ltd bought a new stake in shares of Tesla in the 3rd quarter valued at approximately $204,000. Institutional investors own 57.83% of the company’s stock.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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