Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Tesla (NASDAQ:TSLA) had its target price lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $295.00 to $370.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the electric vehicle producer’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 7.73% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $245.00 target price on shares of Tesla in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on Tesla from $287.00 to $411.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Wolfe Research began coverage on Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Glj Research reissued a “sell” rating and set a $24.86 target price on shares of Tesla in a report on Thursday, October 17th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $254.48.

Tesla Price Performance

Shares of TSLA opened at $400.99 on Monday. The firm has a market capitalization of $1.29 trillion, a PE ratio of 109.86, a PEG ratio of 12.64 and a beta of 2.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company’s 50-day moving average is $288.09 and its 200-day moving average is $240.67. Tesla has a fifty-two week low of $138.80 and a fifty-two week high of $409.73.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. Equities analysts forecast that Tesla will post 1.99 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total value of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 522,886 shares of company stock worth $171,393,831. Company insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. DGS Capital Management LLC raised its holdings in shares of Tesla by 17.3% during the third quarter. DGS Capital Management LLC now owns 3,804 shares of the electric vehicle producer’s stock valued at $995,000 after purchasing an additional 560 shares during the period. Boulder Wealth Advisors LLC bought a new stake in Tesla in the 3rd quarter valued at about $232,000. Oriental Harbor Investment Fund acquired a new position in Tesla during the 3rd quarter worth approximately $14,700,000. Inspire Trust Co. N.A. boosted its holdings in Tesla by 23.3% in the third quarter. Inspire Trust Co. N.A. now owns 8,200 shares of the electric vehicle producer’s stock worth $2,145,000 after acquiring an additional 1,548 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in Tesla by 1,089.8% in the third quarter. Beaird Harris Wealth Management LLC now owns 25,949 shares of the electric vehicle producer’s stock valued at $6,789,000 after acquiring an additional 23,768 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

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.