Tesla (NASDAQ:TSLA) had its target price raised by Goldman Sachs Group from $400.00 to $450.00 in a report published on Wednesday, Anlyst Ratings reports. The firm currently has a neutral rating on the electric vehicle producer’s stock.

TSLA has been the subject of several other reports. Independent Research restated a sell rating and set a $114.00 target price on shares of Tesla in a research note on Wednesday, September 2nd. Cfra upgraded Tesla from a sell rating to a buy rating in a research note on Friday, September 4th. Credit Suisse Group set a $400.00 price target on shares of Tesla and gave the stock a neutral rating in a research report on Wednesday. Citigroup increased their price target on shares of Tesla from $110.00 to $117.00 and gave the stock a sell rating in a research report on Tuesday, October 13th. Finally, Piper Sandler reaffirmed an overweight rating and set a $187.80 price target on shares of Tesla in a research report on Tuesday, July 14th. Ten investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $221.87.

Shares of NASDAQ TSLA opened at $439.67 on Wednesday. Tesla has a 12-month low of $50.04 and a 12-month high of $502.49. The company has a market cap of $407.51 billion, a P/E ratio of 1,144.97, a P/E/G ratio of 15.47 and a beta of 1.63. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $423.08 and a 200 day moving average price of $266.46.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.91. The firm had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $4.96 billion. Tesla had a return on equity of 4.19% and a net margin of 1.43%. During the same period in the prior year, the firm earned ($0.22) EPS. On average, sell-side analysts forecast that Tesla will post 0.69 EPS for the current fiscal year.

In related news, CAO Vaibhav Taneja sold 887 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $1,558.75, for a total value of $1,382,611.25. Following the completion of the transaction, the chief accounting officer now owns 2,806 shares of the company’s stock, valued at approximately $4,373,852.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $442.00, for a total transaction of $663,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,337 shares of the company’s stock, valued at approximately $9,430,954. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,258 shares of company stock worth $79,789,770. 23.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Tesla by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,852,837 shares of the electric vehicle producer’s stock worth $9,559,382,000 after purchasing an additional 190,056 shares during the period. J.Safra Asset Management Corp increased its stake in Tesla by 52,300.0% in the first quarter. J.Safra Asset Management Corp now owns 1,310,000 shares of the electric vehicle producer’s stock valued at $250,000 after acquiring an additional 1,307,500 shares during the period. Swiss National Bank increased its stake in Tesla by 11.2% in the second quarter. Swiss National Bank now owns 583,353 shares of the electric vehicle producer’s stock valued at $629,910,000 after acquiring an additional 58,700 shares during the period. Darsana Capital Partners LP bought a new stake in Tesla in the first quarter valued at about $262,000,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Tesla by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 398,451 shares of the electric vehicle producer’s stock valued at $430,252,000 after buying an additional 13,139 shares in the last quarter. 48.22% of the stock is owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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