A number of other research firms have also weighed in on TSLA. Zacks Investment Research lowered shares of Tesla from a hold rating to a sell rating in a research report on Wednesday, October 18th. Vetr raised shares of Tesla from a strong sell rating to a sell rating and set a $320.97 price objective for the company in a research report on Friday, October 13th. Barclays reaffirmed a sell rating on shares of Tesla in a research report on Sunday, October 15th. Oppenheimer reaffirmed a hold rating on shares of Tesla in a research report on Monday, October 16th. Finally, BidaskClub raised shares of Tesla from a sell rating to a hold rating in a research report on Wednesday, January 31st. Thirteen investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Tesla currently has a consensus rating of Hold and an average target price of $324.20.
Shares of Tesla (TSLA) traded up $7.99 during trading hours on Thursday, reaching $330.30. 3,306,752 shares of the company were exchanged, compared to its average volume of 6,080,000. The company has a market capitalization of $55,470.00, a PE ratio of -28.02 and a beta of 0.97. Tesla has a 12-month low of $242.01 and a 12-month high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.
In related news, VP Eric Branderiz sold 801 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total value of $284,018.58. Following the completion of the transaction, the vice president now owns 1,287 shares of the company’s stock, valued at $456,344.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John Douglas Field sold 1,400 shares of Tesla stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the completion of the transaction, the vice president now directly owns 21,528 shares of the company’s stock, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,231 shares of company stock valued at $3,292,431. 23.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TSLA. Jennison Associates LLC boosted its holdings in shares of Tesla by 17.1% during the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after buying an additional 494,761 shares during the period. Janus Henderson Group PLC raised its stake in Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Tesla by 77.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after purchasing an additional 276,781 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in Tesla in the 4th quarter worth about $30,045,000. Finally, Ariose Capital Management Ltd acquired a new stake in Tesla in the 3rd quarter worth about $30,733,000. 57.49% of the stock is owned by institutional investors.
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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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