Tesla (TSLA) Price Target Raised to $365.00 at UBS Group
Tesla (NASDAQ:TSLA) had its price target increased by UBS Group to $365.00 in a research report sent to investors on Thursday morning, www.boersen-zeitung.de reports. UBS Group currently has a hold rating on the electric vehicle producer’s stock.
A number of other brokerages have also issued reports on TSLA. Vetr lowered shares of Tesla from a buy rating to a hold rating and set a $331.97 target price for the company. in a research note on Tuesday, January 9th. BidaskClub raised shares of Tesla from a strong sell rating to a sell rating in a research note on Wednesday, January 24th. Cascend Securities lowered shares of Tesla from a hold rating to a sell rating and set a $250.00 target price for the company. in a research note on Tuesday, December 5th. Evercore ISI decreased their target price on shares of Tesla from $330.00 to $312.00 and set an outperform rating for the company in a research note on Sunday, October 29th. Finally, Citigroup reissued a hold rating and set a $367.00 target price on shares of Tesla in a research note on Wednesday, November 15th. Twelve research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $322.45.
Shares of Tesla (NASDAQ:TSLA) opened at $310.42 on Thursday. The stock has a market cap of $52,170.00, a price-to-earnings ratio of -26.33 and a beta of 0.97. Tesla has a 52 week low of $242.01 and a 52 week high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09.
In related news, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $312.61, for a total value of $384,197.69. Following the transaction, the vice president now owns 4,808 shares in the company, valued at approximately $1,503,028.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the transaction, the director now owns 154,589 shares in the company, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,231 shares of company stock valued at $3,292,431. 23.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in Tesla in the 3rd quarter worth $100,000. Mckinley Capital Management LLC Delaware bought a new position in Tesla in the 3rd quarter worth $106,000. First Personal Financial Services bought a new position in Tesla in the 3rd quarter worth $148,000. WFG Advisors LP raised its holdings in Tesla by 106.8% in the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after acquiring an additional 236 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Tesla by 21.6% in the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 57.35% of the company’s stock.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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