Morgan Stanley maintained Tesla Inc (NASDAQ:TSLA) rating on Tuesday, September 22. Goldman Sachs maintained it with "Sell" rating and $19000 target in Friday, June 30 report. They now have a $411.00 price target on the electric vehicle producer's stock. (NASDAQ:TSLA) in a research report sent to investors on Tuesday morning.
On August 17 Citigroup left the stock rating at "Neutral" but raised the price expectation from $357.00 to $371.00. Vanguard Group Inc. lifted its holdings in Tesla by 5.0% during the first quarter.
Since the Detroit-based automaker announced Monday that it would roll out a spate of all-electric vehicles by 2023, GM stock has risen 7.5%, closing Tuesday above $43.40 a share. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.
Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Tesla Inc (NASDAQ:TSLA) has risen 44.43% since October 2, 2016 and is uptrending. Mogy Joel R Counsel owns 585 shares. The stock's 50 day moving average price is $354.47 and its 200 day moving average price is $333.05. Tesla has a 1-year low of $178.19 and a 1-year high of $389.61. Argus Research downgraded Tesla Inc (NASDAQ:TSLA) on Tuesday, June 28 to "Hold" rating. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. During the same quarter past year, the business earned ($1.06) EPS. During the same quarter in the prior year, the firm posted ($1.06) EPS. Tesla, Inc. earnings have declined with an annualized rate of -13.1% over the last 5 years.
ILLEGAL ACTIVITY WARNING: This news story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and global trademark & copyright laws. Moreover, Jane Street has 0.13% invested in Tesla Inc (NASDAQ:TSLA). The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
In other Tesla news, VP Eric Branderiz sold 99 shares of the firm's stock in a transaction dated Tuesday, September 5th. The 50 day moving average went down $-0.29 or -0.08% whereas the 200 day average was up by +6.34%. Gofen & Glossberg Limited Liability Il owns 1,037 shares or 0.01% of their USA portfolio. The disclosure for this sale can be found here.
Looking at a public company's insider trading can give great insight into how the stock is performing. Jasper Ridge Partners Lp bought 159,005 shares as the company's stock rose 14.18% with the market.
Several institutional investors and hedge funds have recently made changes to their positions in TSLA. Woodley Farra Manion Portfolio Management Inc acquired 20,709 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. Shelton Mgmt holds 0.42% of its portfolio in Tesla Inc (NASDAQ:TSLA) for 16,606 shares. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer's stock valued at $122,000 after purchasing an additional 9 shares during the period. North Star Investment Management Corp. raised its stake in Tesla by 2.8% during the 2nd quarter. The institutional investor owned 2,431 shares of the electric vehicle producer's stock after selling 4,400 shares during the period.
Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, makes and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. Through its Retail Solutions North America segment, the Company provides technology solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers and other industry participants manage the acquisition, sale, financing, insuring, parts supply, fix and maintenance of vehicles.
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