Sanford C. Bernstein set a $265.00 target price on Tesla (NASDAQ:TSLA) in a research note published on Thursday morning. The firm currently has a neutral rating on the electric vehicle producer’s stock.

A number of other brokerages also recently issued reports on TSLA. UBS Group increased their price objective on shares of Tesla to $365.00 and gave the stock a hold rating in a research note on Thursday. Vetr downgraded shares of Tesla from a buy rating to a hold rating and set a $331.97 price target on the stock. in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Tesla from a strong sell rating to a sell rating in a research note on Wednesday, January 24th. Cascend Securities downgraded shares of Tesla from a hold rating to a sell rating and set a $250.00 price target on the stock. in a research note on Tuesday, December 5th. Finally, Evercore ISI reduced their price target on shares of Tesla from $330.00 to $312.00 and set an outperform rating on the stock in a research note on Sunday, October 29th. Twelve analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. Tesla has an average rating of Hold and a consensus target price of $322.45.

Shares of Tesla (TSLA) opened at $310.42 on Thursday. The stock has a market cap of $52,170.00, a PE ratio of -26.33 and a beta of 0.97. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla has a one year low of $242.01 and a one year high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.12) by $0.08. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.69) earnings per share. equities analysts predict that Tesla will post -6.87 EPS for the current fiscal year.

In related news, VP Eric Branderiz sold 801 shares of Tesla 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 sale, the vice president now owns 1,287 shares of the company’s stock, valued at approximately $456,344.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the sale, the director now directly owns 154,589 shares of the company’s stock, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. Insiders sold a total of 10,231 shares of company stock valued at $3,292,431 in the last quarter. 23.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC acquired a new stake in Tesla in the 3rd quarter valued at $100,000. Mckinley Capital Management LLC Delaware acquired a new stake in Tesla in the 3rd quarter valued at $106,000. First Personal Financial Services acquired a new stake in Tesla in the 3rd quarter valued at $148,000. WFG Advisors LP boosted its holdings in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after acquiring an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after acquiring an additional 95 shares during the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

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About Tesla

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.

Analyst Recommendations for Tesla (NASDAQ:TSLA)

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