Tesla’s (TSLA) Neutral Rating Reaffirmed at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Tesla (NASDAQ:TSLA) in a report issued on Monday morning, Marketbeat reports. The brokerage currently has a $320.00 target price on the electric vehicle producer’s stock.

TSLA has been the topic of several other research reports. Cfra Research cut Tesla from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Mizuho raised their price target on Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Raymond James cut Tesla to an “outperform” rating in a report on Tuesday, April 22nd. Glj Research reaffirmed a “sell” rating and issued a $19.05 price target (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Finally, Argus set a $410.00 price target on Tesla in a report on Thursday, April 24th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $293.67.

Tesla Stock Up 0.1%

Shares of NASDAQ TSLA opened at $326.43 on Monday. Tesla has a one year low of $169.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business’s fifty day moving average price is $295.60 and its 200-day moving average price is $333.11. The stock has a market capitalization of $1.05 trillion, a PE ratio of 160.02, a P/E/G ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the business earned $0.45 EPS. On average, equities research analysts anticipate that Tesla will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 91,588 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now directly owns 1,463,220 shares of the company’s stock, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 818,509 shares of company stock worth $273,791,775. Insiders own 20.70% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Tesla during the fourth quarter worth about $56,600,000. Focus Financial Network Inc. raised its stake in Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after acquiring an additional 670 shares during the period. Strategic Family Wealth Counselors L.L.C. raised its stake in Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer’s stock worth $1,150,000 after acquiring an additional 1,629 shares during the period. Harvard Management Co. Inc. acquired a new stake in Tesla during the fourth quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. raised its stake in Tesla by 23.0% during the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer’s stock worth $130,158,000 after acquiring an additional 60,342 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Company Profile

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.