Tesla (NASDAQ:TSLA) Earns “Neutral” Rating from Barclays

Tesla (NASDAQ:TSLAGet Free Report)‘s stock had its “neutral” rating reiterated by Barclays in a research note issued to investors on Thursday,MarketScreener reports.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Tesla in a report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $510.00 price target on shares of Tesla in a report on Wednesday. Zacks Research cut Tesla from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Tigress Financial assumed coverage on Tesla in a report on Thursday, February 12th. They issued a “buy” rating and a $550.00 price objective on the stock. Finally, Canaccord Genuity Group increased their price objective on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a report on Thursday. Eighteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $398.45.

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Tesla Stock Performance

Shares of TSLA stock opened at $376.30 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla has a 52 week low of $259.63 and a 52 week high of $498.83. The stock has a market capitalization of $1.41 trillion, a PE ratio of 345.23, a P/E/G ratio of 11.87 and a beta of 1.91. The firm has a 50 day moving average of $385.94 and a two-hundred day moving average of $420.76.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the company posted $0.27 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, research analysts predict that Tesla will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. This trade represents a 43.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,804 shares of company stock worth $20,865,598 over the last quarter. 19.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stock Yards Bank & Trust Co. raised its stake in Tesla by 1.5% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 10,198 shares of the electric vehicle producer’s stock worth $3,791,000 after acquiring an additional 146 shares in the last quarter. Jacobsen Capital Management raised its stake in Tesla by 0.6% during the 1st quarter. Jacobsen Capital Management now owns 5,770 shares of the electric vehicle producer’s stock worth $2,145,000 after acquiring an additional 37 shares in the last quarter. Horizon Wealth Management LLC raised its stake in Tesla by 0.6% during the 1st quarter. Horizon Wealth Management LLC now owns 4,713 shares of the electric vehicle producer’s stock worth $1,752,000 after acquiring an additional 30 shares in the last quarter. Capital Asset Advisory Services LLC raised its stake in Tesla by 23.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 19,949 shares of the electric vehicle producer’s stock worth $7,830,000 after acquiring an additional 3,737 shares in the last quarter. Finally, Prospect Financial Services LLC raised its stake in Tesla by 3.7% during the 1st quarter. Prospect Financial Services LLC now owns 5,619 shares of the electric vehicle producer’s stock worth $2,089,000 after acquiring an additional 200 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

About Tesla

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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.

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