Tesla (NASDAQ:TSLA) PT Raised to $134.00 at Guggenheim

Tesla (NASDAQ:TSLA) had its price objective boosted by investment analysts at Guggenheim from $126.00 to $134.00 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a “sell” rating on the electric vehicle producer’s stock. Guggenheim’s target price would suggest a potential downside of 45.61% from the company’s previous close.

A number of other research firms have also weighed in on TSLA. New Street Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of Tesla in a research report on Tuesday, June 25th. HSBC reduced their price objective on Tesla from $138.00 to $120.00 and set a “reduce” rating for the company in a research report on Wednesday, April 24th. Evercore ISI reduced their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. UBS Group reduced their price objective on Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, Truist Financial reduced their price objective on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, April 24th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $189.47.

Tesla Stock Up 6.5 %

Shares of NASDAQ:TSLA opened at $246.39 on Wednesday. Tesla has a 52-week low of $138.80 and a 52-week high of $299.29. The firm has a market capitalization of $785.79 billion, a P/E ratio of 62.85, a P/E/G ratio of 5.74 and a beta of 2.31. The stock has a 50 day moving average price of $182.57 and a 200-day moving average price of $191.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. As a group, equities research analysts anticipate that Tesla will post 1.86 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Several large investors have recently made changes to their positions in the company. Holderness Investments Co. increased its holdings in shares of Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after purchasing an additional 42 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in Tesla by 0.4% during the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after acquiring an additional 45 shares during the last quarter. Cravens & Co Advisors LLC increased its stake in Tesla by 1.2% during the third quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock worth $1,025,000 after acquiring an additional 48 shares during the last quarter. Patten & Patten Inc. TN increased its stake in Tesla by 1.1% during the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after acquiring an additional 48 shares during the last quarter. Finally, Caerus Investment Advisors LLC increased its stake in Tesla by 0.3% during the fourth quarter. Caerus Investment Advisors LLC now owns 14,395 shares of the electric vehicle producer’s stock worth $3,577,000 after acquiring an additional 49 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

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.