Tesla (NASDAQ:TSLA) Price Target Lowered to $180.00 at Barclays

Tesla (NASDAQ:TSLA) had its target price trimmed by Barclays from $225.00 to $180.00 in a research note published on Wednesday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the electric vehicle producer’s stock.

Several other analysts also recently commented on the stock. China Renaissance started coverage on shares of Tesla in a report on Monday, February 26th. They issued a hold rating for the company. Robert W. Baird lowered their target price on shares of Tesla from $300.00 to $280.00 and set an outperform rating for the company in a report on Tuesday, April 2nd. Canaccord Genuity Group lowered their target price on shares of Tesla from $267.00 to $234.00 and set a buy rating for the company in a report on Thursday, January 25th. Citigroup lowered their target price on shares of Tesla from $196.00 to $180.00 and set a neutral rating for the company in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Tesla from $200.00 to $189.00 and set a buy rating for the company in a report on Wednesday, April 3rd. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $197.15.

Tesla Stock Performance

TSLA opened at $155.45 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average price is $180.24 and its two-hundred day moving average price is $212.64. Tesla has a 1-year low of $152.37 and a 1-year high of $299.29. The company has a market cap of $495.08 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 4.15 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect that Tesla will post 1.97 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Hedge Funds Weigh In On Tesla

Hedge funds have recently bought and sold shares of the company. Mount Vernon Associates Inc. MD grew its stake in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after acquiring an additional 350 shares in the last quarter. Oak Ridge Investments LLC lifted its position in Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock valued at $8,065,000 after purchasing an additional 1,405 shares during the last quarter. Corient Private Wealth LLC lifted its position in Tesla by 3.7% during the third quarter. Corient Private Wealth LLC now owns 728,615 shares of the electric vehicle producer’s stock valued at $182,352,000 after purchasing an additional 25,943 shares during the last quarter. Nordea Investment Management AB lifted its position in Tesla by 11.8% during the fourth quarter. Nordea Investment Management AB now owns 776,765 shares of the electric vehicle producer’s stock valued at $193,935,000 after purchasing an additional 81,729 shares during the last quarter. Finally, First National Corp MA ADV lifted its position in Tesla by 30.0% during the fourth quarter. First National Corp MA ADV now owns 1,401 shares of the electric vehicle producer’s stock valued at $348,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

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.