Tesla’s (TSLA) Market Perform Rating Reiterated at Oppenheimer

Oppenheimer restated their market perform rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Tuesday, Benzinga reports.

Several other equities research analysts have also commented on TSLA. UBS Group dropped their price objective on shares of Tesla from $160.00 to $147.00 and set a neutral rating on the stock in a research note on Wednesday, April 24th. Guggenheim reaffirmed a sell rating and issued a $126.00 target price on shares of Tesla in a report on Tuesday, June 25th. Jefferies Financial Group decreased their target price on shares of Tesla from $185.00 to $165.00 and set a hold rating for the company in a report on Wednesday, April 10th. Roth Mkm reaffirmed a neutral rating and issued a $85.00 target price on shares of Tesla in a report on Wednesday, April 24th. Finally, Mizuho decreased their target price on shares of Tesla from $195.00 to $180.00 and set a neutral rating for the company in a 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. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $189.47.

Tesla Trading Up 6.5 %

NASDAQ:TSLA opened at $246.39 on Tuesday. Tesla has a one year low of $138.80 and a one year high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The company’s 50-day simple moving average is $182.57 and its 200 day simple moving average is $191.32. The firm has a market capitalization of $785.79 billion, a P/E ratio of 62.85, a PEG ratio of 5.74 and a beta of 2.31.

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

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction that occurred on 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 directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of 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 SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Glenmede Trust Co. NA boosted its position in shares of Tesla by 3.5% during the third quarter. Glenmede Trust Co. NA now owns 38,224 shares of the electric vehicle producer’s stock worth $9,564,000 after acquiring an additional 1,303 shares during the last quarter. JT Stratford LLC boosted its position in shares of Tesla by 5.4% during the third quarter. JT Stratford LLC now owns 16,755 shares of the electric vehicle producer’s stock worth $4,192,000 after acquiring an additional 855 shares during the last quarter. Sei Investments Co. boosted its position in shares of Tesla by 8.1% during the third quarter. Sei Investments Co. now owns 599,982 shares of the electric vehicle producer’s stock worth $150,120,000 after acquiring an additional 44,985 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Tesla by 2.4% during the third quarter. Scotia Capital Inc. now owns 87,131 shares of the electric vehicle producer’s stock worth $21,804,000 after acquiring an additional 2,018 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Tesla by 5.2% during the third quarter. Schroder Investment Management Group now owns 1,981,722 shares of the electric vehicle producer’s stock valued at $495,866,000 after purchasing an additional 98,052 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.