Barclays Reiterates Neutral Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLAGet Free Report)‘s stock had its “neutral” rating restated by equities research analysts at Barclays in a report released on Friday,MarketScreener reports.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Thursday, October 30th. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research report on Monday, January 5th. UBS Group reiterated a “sell” rating and issued a $307.00 price target (up previously from $247.00) on shares of Tesla in a report on Wednesday, January 14th. President Capital dropped their price objective on Tesla from $529.00 to $517.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $500.00 target price on shares of Tesla in a research note on Friday, January 2nd. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $410.77.

Get Our Latest Research Report on Tesla

Tesla Stock Down 0.1%

Shares of NASDAQ TSLA opened at $449.06 on Friday. Tesla has a 12-month low of $214.25 and a 12-month high of $498.83. The firm’s 50-day simple moving average is $444.81 and its 200 day simple moving average is $403.99. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 299.37, a price-to-earnings-growth ratio of 7.66 and a beta of 1.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. On average, research analysts expect that Tesla will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 119,457 shares of company stock valued at $53,501,145. Corporate insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently modified their holdings of the business. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares during the period. Equita Financial Network Inc. boosted its stake in Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after purchasing an additional 23 shares during the period. VanderPol Investments L.L.C. increased its holdings in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after purchasing an additional 23 shares during the period. Finally, Cloud Capital Management LLC lifted its holdings in shares of Tesla by 1.1% in the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

About Tesla

(Get Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Further Reading

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.