Tesla (NASDAQ:TSLA) Given Outperform Rating at Mizuho

Mizuho reiterated their outperform rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Thursday,Benzinga reports. They currently have a $515.00 price target on the electric vehicle producer’s stock.

TSLA has been the subject of several other research reports. Piper Sandler increased their target price on shares of Tesla from $315.00 to $500.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Morgan Stanley increased their price objective on shares of Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Glj Research reissued a “sell” rating and issued a $24.86 target price on shares of Tesla in a research report on Friday, January 3rd. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday. Finally, Wedbush boosted their price objective on Tesla from $515.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $318.31.

Tesla Stock Up 2.9 %

TSLA stock opened at $400.28 on Thursday. Tesla has a one year low of $138.80 and a one year high of $488.54. The firm has a market cap of $1.28 trillion, a PE ratio of 196.22, a PEG ratio of 8.08 and a beta of 2.30. The firm’s 50 day moving average price is $401.98 and its 200-day moving average price is $297.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.54%. On average, equities research analysts anticipate that Tesla will post 2.82 EPS for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $300.37, for a total transaction of $2,402,960.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $31,548,461.84. This trade represents a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,386 shares of company stock worth $196,305,796 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Several large investors have recently modified their holdings of TSLA. Transcendent Capital Group LLC purchased a new stake in shares of Tesla in the third quarter valued at about $29,000. Clean Yield Group lifted its position in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Peterson Financial Group Inc. purchased a new stake in Tesla in the 3rd quarter valued at approximately $35,000. M&R Capital Management Inc. increased its position in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 100 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Tesla during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors 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.