Tesla, Inc. (NASDAQ:TSLA – Get Free Report) shares were down 1.2% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $218.00 to $200.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Tesla traded as low as $175.70 and last traded at $177.68. 30,441,129 shares were traded during trading, a decline of 70% from the average daily volume of 101,827,852 shares. The stock had previously closed at $179.83.
Several other brokerages have also issued reports on TSLA. TD Cowen decreased their price target on Tesla from $200.00 to $180.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley reissued an “overweight” rating and issued a $320.00 target price on shares of Tesla in a report on Wednesday. Piper Sandler reduced their price target on shares of Tesla from $295.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, February 5th. Citigroup dropped their price objective on shares of Tesla from $224.00 to $196.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company downgraded shares of Tesla from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $200.00 to $125.00 in a report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $204.63.
Read Our Latest Report on Tesla
Insider Buying and Selling at Tesla
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Axiom Financial Strategies LLC lifted its position in shares of Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after buying an additional 81 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the last quarter. MAS Advisors LLC grew its stake in shares of Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares in the last quarter. Ergoteles LLC increased its holdings in shares of Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after acquiring an additional 4,593 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.
Tesla Trading Down 1.8 %
The company has a market cap of $562.50 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 4.01 and a beta of 2.41. The company has a 50-day moving average of $188.49 and a 200 day moving average of $222.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25.
Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. Tesla’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. Analysts predict that Tesla, Inc. will post 2.44 earnings per share for the current year.
About Tesla
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.
Further Reading
- Five stocks we like better than Tesla
- What is MarketRankā¢? How to Use it
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- Dividend Payout Ratio Calculator
- Disney Stock Catches 3 Upgrades In a Single Week
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.