Tesla (NASDAQ:TSLA) Rating Reiterated by The Goldman Sachs Group

The Goldman Sachs Group reissued their neutral rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Friday, Benzinga reports. They currently have a $230.00 price objective on the electric vehicle producer’s stock.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company reissued an underweight rating and set a $120.00 target price on shares of Tesla in a research report on Monday, July 1st. UBS Group downgraded shares of Tesla from a neutral rating to a sell rating and boosted their target price for the stock from $147.00 to $197.00 in a research report on Friday, July 12th. China Renaissance raised shares of Tesla from a hold rating to a buy rating and set a $290.00 target price for the company in a research report on Friday, July 5th. KGI Securities reissued a neutral rating and set a $236.00 target price on shares of Tesla in a research report on Thursday, July 25th. Finally, Canaccord Genuity Group reaffirmed a buy rating and issued a $254.00 price objective on shares of Tesla in a research report on Friday, September 13th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $210.72.

Tesla Trading Up 0.6 %

TSLA opened at $219.16 on Friday. Tesla has a 1-year low of $138.80 and a 1-year high of $271.00. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The company has a market cap of $698.94 billion, a P/E ratio of 55.91, a price-to-earnings-growth ratio of 6.48 and a beta of 2.29. The company has a fifty day moving average price of $225.84 and a two-hundred day moving average price of $204.27.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts predict that Tesla will post 1.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,661 shares of company stock worth $16,663,291 in the last 90 days. 25.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Hedge funds have recently bought and sold shares of the business. Bank & Trust Co bought a new stake in Tesla during the second quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Tesla in the second quarter worth approximately $26,000. Abich Financial Wealth Management LLC lifted its stake in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Clean Yield Group lifted its stake in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares in the last quarter. Finally, M&R Capital Management Inc. lifted its stake in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

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.