Tesla (NASDAQ:TSLA) PT Lowered to $180.00 at Barclays

Tesla (NASDAQ:TSLA) had its price objective decreased by Barclays from $225.00 to $180.00 in a report issued on Wednesday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the electric vehicle producer’s stock. Barclays‘s price objective suggests a potential upside of 15.12% from the company’s current price.

TSLA has been the topic of a number of other reports. Truist Financial dropped their price target on Tesla from $193.00 to $176.00 and set a “hold” rating on the stock in a research report on Wednesday, April 3rd. Redburn Atlantic started coverage on Tesla in a research report on Wednesday, January 24th. They issued a “sell” rating and a $170.00 price objective on the stock. UBS Group lowered their price objective on Tesla from $225.00 to $165.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Wedbush lowered their price objective on Tesla from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Finally, Jefferies Financial Group lowered their price target on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $197.15.

Tesla Trading Down 0.5 %

Shares of NASDAQ TSLA traded down $0.75 during midday trading on Wednesday, reaching $156.36. The company had a trading volume of 72,971,072 shares, compared to its average volume of 101,773,016. Tesla has a one year low of $152.37 and a one year high of $299.29. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $180.88 and its 200-day moving average price is $213.04. The stock has a market cap of $497.97 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 4.25 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same quarter last year, the company posted $1.07 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Tesla will post 1.98 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock valued at $38,802,534 in the last ninety days. 20.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Tesla

A number of hedge funds have recently bought and sold shares of TSLA. Wyrmwood Management LLC acquired a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Alpha Paradigm Partners LLC purchased a new position in Tesla in the 3rd quarter valued at approximately $27,000. MayTech Global Investments LLC purchased a new position in Tesla in the 4th quarter valued at approximately $30,000. Finally, Perkins Coie Trust Co boosted its position in Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 54 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.