Tesla (NASDAQ:TSLA) Receives “Sell” Rating from UBS Group

UBS Group restated their sell rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Thursday,MarketScreener Latest Ratings reports. UBS Group currently has a $215.00 price target on the electric vehicle producer’s stock.

Several other research analysts have also commented on TSLA. Dbs Bank upped their price objective on shares of Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Stifel Nicolaus set a $440.00 price target on shares of Tesla in a research note on Friday, September 5th. Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. CICC Research lifted their price objective on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Finally, Wedbush increased their target price on Tesla from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $343.43.

Tesla Trading Down 1.4%

NASDAQ TSLA opened at $429.83 on Thursday. The stock has a market cap of $1.43 trillion, a P/E ratio of 248.46, a price-to-earnings-growth ratio of 14.93 and a beta of 2.08. Tesla has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The stock has a 50 day simple moving average of $364.02 and a two-hundred day simple moving average of $321.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $23.18 billion. During the same period last year, the firm posted $0.52 earnings per share. Tesla’s quarterly revenue was down 11.8% on a year-over-year basis. On average, analysts forecast that Tesla will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock valued at $77,360,462 over the last 90 days. Company insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently bought and sold shares of TSLA. Holos Integrated Wealth LLC increased its holdings in Tesla by 10.8% in the 2nd quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer’s stock worth $102,000 after acquiring an additional 30 shares in the last quarter. Dominguez Wealth Management Solutions Inc. lifted its stake in shares of Tesla by 4.5% during the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 704 shares of the electric vehicle producer’s stock valued at $313,000 after buying an additional 30 shares in the last quarter. First Merchants Corp boosted its holdings in Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock worth $767,000 after buying an additional 31 shares during the period. Kaye Capital Management raised its holdings in Tesla by 3.1% during the second quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer’s stock valued at $333,000 after acquiring an additional 31 shares during the period. Finally, Spectrum Wealth Advisory Group LLC lifted its position in shares of Tesla by 3.4% in the second quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer’s stock valued at $299,000 after acquiring an additional 31 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

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.