Tesla (NASDAQ:TSLA) Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Tesla (NASDAQ:TSLA) from a buy rating to a hold rating in a report released on Thursday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $123.00 price target on the electric vehicle producer’s stock, down from their prior price target of $189.00.

TSLA has been the subject of several other reports. Wedbush cut their price target on shares of Tesla from $315.00 to $300.00 and set an outperform rating for the company in a report on Thursday, March 28th. Edward Jones cut shares of Tesla from a buy rating to a hold rating in a research report on Friday, January 26th. Canaccord Genuity Group lowered their price objective on shares of Tesla from $267.00 to $234.00 and set a buy rating on the stock in a research report on Thursday, January 25th. Robert W. Baird restated an outperform rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday. Finally, Truist Financial lowered their price objective on shares of Tesla from $193.00 to $176.00 and set a hold rating on the stock in a research report on Wednesday, April 3rd. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $194.70.

Tesla Stock Down 3.6 %

Shares of NASDAQ:TSLA opened at $149.93 on Thursday. The firm has a fifty day moving average price of $179.45 and a two-hundred day moving average price of $212.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla has a one year low of $148.70 and a one year high of $299.29. The company has a market cap of $477.50 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 4.11 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts anticipate that Tesla will post 1.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,631,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. Corporate insiders own 25.10% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently bought and sold shares of the business. Integrity Wealth Solutions LLC boosted its stake in Tesla by 3.1% during the first quarter. Integrity Wealth Solutions LLC now owns 11,495 shares of the electric vehicle producer’s stock worth $2,021,000 after acquiring an additional 341 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Tesla by 4.3% in the first quarter. SeaCrest Wealth Management LLC now owns 15,941 shares of the electric vehicle producer’s stock worth $2,802,000 after buying an additional 662 shares during the last quarter. Oxinas Partners Wealth Management LLC raised its holdings in Tesla by 12.5% in the first quarter. Oxinas Partners Wealth Management LLC now owns 14,823 shares of the electric vehicle producer’s stock worth $2,606,000 after buying an additional 1,649 shares during the last quarter. Naviter Wealth LLC raised its holdings in Tesla by 45.5% in the first quarter. Naviter Wealth LLC now owns 18,671 shares of the electric vehicle producer’s stock worth $3,282,000 after buying an additional 5,840 shares during the last quarter. Finally, Myecfo LLC raised its holdings in Tesla by 64.5% in the first quarter. Myecfo LLC now owns 2,706 shares of the electric vehicle producer’s stock worth $476,000 after buying an additional 1,061 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

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.