Tesla (NASDAQ:TSLA) Receives Sell Rating from Glj Research

Glj Research reaffirmed their sell rating on shares of Tesla (NASDAQ:TSLAFree Report) in a research report sent to investors on Monday morning,Benzinga reports.

A number of other equities research analysts also recently issued reports on TSLA. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a report on Thursday, January 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, January 29th. China Renaissance increased their target price on shares of Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley set a $415.00 price target on shares of Tesla and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $406.84.

View Our Latest Report on Tesla

Tesla Price Performance

Shares of NASDAQ TSLA opened at $355.28 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The stock has a market cap of $1.33 trillion, a PE ratio of 328.96, a price-to-earnings-growth ratio of 10.71 and a beta of 1.89. The stock has a fifty day moving average of $406.56 and a 200-day moving average of $428.82.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 EPS. Equities research analysts anticipate that Tesla will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the completion of the transaction, the director owned 19,669 shares of the company’s stock, valued at $8,173,649.64. This trade represents a 56.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,995 shares of company stock valued at $38,315,650 in the last quarter. Corporate insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently added to or reduced their stakes in the company. Networth Advisors LLC bought a new position in Tesla during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. boosted its stake in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Tesla during the 3rd quarter valued at $29,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla during the 2nd quarter valued at $30,000. Institutional investors own 66.20% of the company’s stock.

Key Tesla News

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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