Tesla (NASDAQ:TSLA) Price Target Raised to $226.00 at UBS Group

Tesla (NASDAQ:TSLA) had its price objective boosted by UBS Group from $197.00 to $226.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a sell rating on the electric vehicle producer’s stock.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group increased their target price on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 target price on shares of Tesla in a research note on Tuesday, September 10th. Sanford C. Bernstein reiterated an “underperform” rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their target price on Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $231.06.

Tesla Price Performance

NASDAQ:TSLA opened at $338.59 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock’s 50-day simple moving average is $266.31 and its 200 day simple moving average is $227.97. The company has a market cap of $1.09 trillion, a P/E ratio of 92.76, a P/E/G ratio of 11.45 and a beta of 2.29. Tesla has a 52-week low of $138.80 and a 52-week high of $361.93.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts forecast that Tesla will post 1.99 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,187 shares of company stock valued at $92,956,692. Corporate insiders own 20.70% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently made changes to their positions in the company. Synovus Financial Corp boosted its stake in Tesla by 10.0% during the 3rd quarter. Synovus Financial Corp now owns 28,160 shares of the electric vehicle producer’s stock valued at $7,368,000 after purchasing an additional 2,571 shares during the last quarter. Blankinship & Foster LLC acquired a new position in Tesla during the 3rd quarter valued at about $1,243,000. Destination Wealth Management boosted its stake in Tesla by 12.1% during the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer’s stock valued at $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Tesla by 106.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,100 shares of the electric vehicle producer’s stock valued at $4,212,000 after purchasing an additional 8,303 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new position in Tesla during the 3rd quarter valued at about $539,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.