Barclays Reaffirms “Neutral” Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLAGet Free Report)‘s stock had its “neutral” rating reiterated by research analysts at Barclays in a report issued on Wednesday,MarketScreener reports.

A number of other research analysts have also recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $510.00 target price on shares of Tesla in a research report on Thursday, January 29th. HSBC reaffirmed a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Tesla in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Tuesday, January 27th. Finally, UBS Group raised their price objective on shares of Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a report on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $408.09.

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Tesla Stock Performance

TSLA traded up $4.66 during trading on Wednesday, reaching $415.29. 4,441,728 shares of the company’s stock were exchanged, compared to its average volume of 61,000,266. The company’s fifty day simple moving average is $443.10 and its 200-day simple moving average is $416.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 381.97, a price-to-earnings-growth ratio of 14.69 and a beta of 1.86. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. As a group, research analysts predict that Tesla will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director owned 577,031 shares in the company, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,457 shares of company stock valued at $53,501,145 in the last ninety days. 19.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tesla

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Tesla in the 4th quarter valued at $17,128,100,000. Bank of America Corp DE grew its holdings in Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. increased its stake in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after acquiring an additional 7,367,507 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. Finally, Holocene Advisors LP raised its position in shares of Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after buying an additional 3,505,000 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

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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