Tesla (NASDAQ:TSLA) Price Target Raised to $325.00 at Barclays

Tesla (NASDAQ:TSLA) had its price objective raised by Barclays from $270.00 to $325.00 in a research note published on Wednesday, MarketBeat Ratings reports. Barclays currently has an equal weight rating on the electric vehicle producer’s stock.

Several other equities analysts also recently commented on TSLA. Canaccord Genuity Group increased their target price on shares of Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company raised their price objective on Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Cantor Fitzgerald upped their target price on Tesla from $255.00 to $365.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm raised shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. Finally, StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $299.33.

Tesla Stock Performance

Shares of TSLA stock opened at $428.22 on Wednesday. The firm has a market cap of $1.37 trillion, a P/E ratio of 117.32, a PEG ratio of 6.53 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The stock’s 50-day moving average is $382.71 and its two-hundred day moving average is $284.69.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Analysts predict that Tesla will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 621,886 shares of company stock worth $213,451,751 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Bradley Foster & Sargent Inc. CT lifted its holdings in Tesla by 36.4% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 2,797 shares of the electric vehicle producer’s stock valued at $554,000 after buying an additional 747 shares during the period. RPg Family Wealth Advisory LLC lifted its stake in shares of Tesla by 5.9% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,766 shares of the electric vehicle producer’s stock valued at $547,000 after purchasing an additional 155 shares during the period. Meridian Wealth Partners LLC boosted its position in shares of Tesla by 2.0% in the 2nd quarter. Meridian Wealth Partners LLC now owns 2,915 shares of the electric vehicle producer’s stock worth $577,000 after purchasing an additional 57 shares during the last quarter. Lingotto Investment Management LLP grew its stake in shares of Tesla by 86.5% during the second quarter. Lingotto Investment Management LLP now owns 75,461 shares of the electric vehicle producer’s stock worth $14,932,000 after purchasing an additional 35,000 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Tesla by 14.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 314,477 shares of the electric vehicle producer’s stock valued at $62,297,000 after purchasing an additional 39,664 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

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.