Deutsche Bank set a $340.00 price target on Tesla (NASDAQ:TSLA) in a report published on Friday. The firm currently has a hold rating on the electric vehicle producer’s stock.

A number of other brokerages have also weighed in on TSLA. Wedbush began coverage on shares of Tesla in a research report on Thursday, December 13th. They set an outperform rating and a $440.00 target price for the company. Robert W. Baird reiterated an outperform rating and set a $465.00 target price (up previously from $411.00) on shares of Tesla in a research report on Thursday, December 13th. They noted that the move was a valuation call. Wolfe Research increased their target price on shares of Tesla from $410.00 to $430.00 and gave the stock an outperform rating in a research report on Thursday, December 6th. BidaskClub upgraded shares of Tesla from a hold rating to a buy rating in a research report on Friday, December 7th. Finally, Jefferies Financial Group upgraded shares of Tesla from a hold rating to a buy rating and increased their target price for the stock from $360.00 to $450.00 in a research report on Friday, December 7th. Twelve analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $325.35.

TSLA traded down $45.05 during trading on Friday, hitting $302.26. 24,150,763 shares of the company traded hands, compared to its average volume of 6,971,659. The firm has a market cap of $51.91 billion, a P/E ratio of -26.33, a PEG ratio of 4.63 and a beta of 0.57. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.47 and a current ratio of 0.81. Tesla has a one year low of $244.59 and a one year high of $387.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.77) by $4.67. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $5.67 billion. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.27%. Equities research analysts predict that Tesla will post -5.21 earnings per share for the current fiscal year.

In related news, Director Linda Johnson Rice sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $340.68, for a total value of $1,022,040.00. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at $1,022,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Antonio J. Gracias sold 8,390 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $317.58, for a total transaction of $2,664,496.20. Following the completion of the sale, the director now directly owns 24,332 shares in the company, valued at $7,727,356.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,370 shares of company stock worth $27,278,938. Insiders own 22.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Windward LLC purchased a new position in shares of Tesla during the fourth quarter worth approximately $26,000. Gradient Investments LLC raised its stake in shares of Tesla by 1,660.0% during the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after acquiring an additional 83 shares in the last quarter. G&S Capital LLC purchased a new position in shares of Tesla during the fourth quarter worth approximately $62,000. First Hawaiian Bank raised its stake in shares of Tesla by 205.0% during the fourth quarter. First Hawaiian Bank now owns 305 shares of the electric vehicle producer’s stock worth $102,000 after acquiring an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Tesla by 30.5% during the fourth quarter. Quadrant Capital Group LLC now owns 368 shares of the electric vehicle producer’s stock worth $105,000 after acquiring an additional 86 shares in the last quarter. 59.28% of the stock is currently owned by institutional investors and hedge funds.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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