Tesla (NASDAQ:TSLA) Given Neutral Rating at Barclays

Barclays reaffirmed their neutral rating on shares of Tesla (NASDAQ:TSLAFree Report) in a report published on Friday,MarketScreener reports.

Several other brokerages also recently issued reports on TSLA. CICC Research upped their target price on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Dbs Bank raised Tesla to a “hold” rating in a research report on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Tesla in a report on Thursday, October 23rd. China Renaissance upped their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Stifel Nicolaus lifted their price objective on Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $410.77.

Read Our Latest Stock Analysis on Tesla

Tesla Stock Down 0.1%

Shares of NASDAQ:TSLA opened at $449.06 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $444.81 and a two-hundred day simple moving average of $403.25. Tesla has a 12-month low of $214.25 and a 12-month high of $498.83. The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 299.37, a PEG ratio of 7.66 and a beta of 1.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, research analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 119,457 shares of company stock valued at $53,501,145. Insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of hedge funds have recently modified their holdings of TSLA. Vanguard Group Inc. increased its position in Tesla by 0.4% in the third quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock worth $112,241,237,000 after buying an additional 995,623 shares in the last quarter. State Street Corp grew its stake in shares of Tesla by 0.3% during the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock valued at $50,592,614,000 after acquiring an additional 344,162 shares during the period. Geode Capital Management LLC increased its holdings in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares in the last quarter. Capital World Investors raised its stake in Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after acquiring an additional 2,403,019 shares during the period. Finally, Norges Bank purchased a new position in Tesla during the second quarter valued at approximately $11,839,824,000. Institutional investors own 66.20% of the company’s stock.

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Tesla Company Profile

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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.

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