Tesla Inc (NASDAQ:TSLA) – Stock analysts at Oppenheimer Holdings issued their FY2021 earnings per share (EPS) estimates for shares of Tesla in a research note issued on Wednesday, according to Zacks Investment Research. Oppenheimer Holdings analyst C. Rusch expects that the electric vehicle producer will post earnings per share of $13.74 for the year. Oppenheimer Holdings currently has a “Market Perform” rating on the stock.
TSLA has been the topic of several other reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $215.00 target price on shares of Tesla in a research report on Friday, February 24th. Vetr upgraded Tesla from a “sell” rating to a “hold” rating and set a $244.47 price target for the company in a research note on Monday, January 30th. Guggenheim upped their price target on Tesla from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Tesla in a research note on Saturday, January 21st. Finally, FBN Securities set a $260.00 price target on Tesla and gave the stock a “buy” rating in a research note on Wednesday, January 4th. Eight research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $266.42.
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Tesla (NASDAQ:TSLA) traded up 1.02% during mid-day trading on Thursday, reaching $305.60. The company had a trading volume of 4,504,242 shares. The stock’s 50-day moving average is $274.79 and its 200 day moving average is $232.49. The firm’s market capitalization is $49.41 billion. Tesla has a 12 month low of $178.19 and a 12 month high of $313.73.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, February 22nd. The electric vehicle producer reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.26. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. The company’s revenue for the quarter was up 88.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.87) EPS.
In related news, VP John Douglas Field sold 500 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $301.45, for a total transaction of $150,725.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 2,500 shares of Tesla stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $286.28, for a total value of $715,700.00. Following the completion of the sale, the director now directly owns 170,546 shares of the company’s stock, valued at $48,823,908.88. The disclosure for this sale can be found here. Insiders have sold a total of 16,391 shares of company stock valued at $4,399,594 over the last ninety days. Insiders own 27.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TSLA. CAPROCK Group Inc. boosted its stake in Tesla by 10.7% in the first quarter. CAPROCK Group Inc. now owns 1,581 shares of the electric vehicle producer’s stock valued at $440,000 after buying an additional 153 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in Tesla by 17.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 29,879 shares of the electric vehicle producer’s stock valued at $8,316,000 after buying an additional 4,530 shares during the period. State of Alaska Department of Revenue purchased a new stake in Tesla during the first quarter valued at approximately $201,000. Gemmer Asset Management LLC boosted its stake in Tesla by 8.3% in the first quarter. Gemmer Asset Management LLC now owns 759 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 58 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Tesla by 24.3% in the first quarter. Nisa Investment Advisors LLC now owns 8,450 shares of the electric vehicle producer’s stock valued at $2,352,000 after buying an additional 1,650 shares during the period. 57.29% of the stock is owned by institutional investors.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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