Tesla (NASDAQ:TSLA) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Tesla (NASDAQ:TSLA) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat.com reports. They presently have a $123.00 price target on the electric vehicle producer’s stock, down from their prior price target of $189.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 16.35% from the stock’s previous close.

TSLA has been the topic of several other reports. Barclays decreased their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird reiterated an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Wednesday. Canaccord Genuity Group cut their target price on shares of Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Wells Fargo & Company dropped their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Finally, China Renaissance initiated coverage on shares of Tesla in a research report on Monday, February 26th. They issued a “hold” rating on the stock. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $194.70.

Tesla Stock Down 1.9 %

Shares of TSLA stock opened at $147.05 on Thursday. The company has a market capitalization of $468.32 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 4.11 and a beta of 2.39. Tesla has a 12-month low of $146.22 and a 12-month high of $299.29. The firm has a fifty day moving average of $178.51 and a 200-day moving average of $211.48. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

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

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock worth $38,802,534 in the last quarter. 25.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wyrmwood Management LLC purchased a new stake in Tesla during the fourth quarter valued at about $25,000. Lam Group Inc. purchased a new stake in Tesla during the fourth quarter valued at about $25,000. Alpha Paradigm Partners LLC purchased a new stake in Tesla during the third quarter valued at about $27,000. Mendota Financial Group LLC lifted its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Finally, Ogorek Anthony Joseph NY ADV lifted its holdings in Tesla by 94.5% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other 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.