Tesla (NASDAQ:TSLA) Given New $180.00 Price Target at Mizuho

Tesla (NASDAQ:TSLA) had its target price reduced by stock analysts at Mizuho from $195.00 to $180.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the electric vehicle producer’s stock. Mizuho’s target price points to a potential upside of 24.41% from the stock’s previous close.

Several other equities research analysts have also commented on TSLA. Guggenheim restated a “sell” rating and set a $122.00 price target on shares of Tesla in a research note on Tuesday. Truist Financial decreased their target price on Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday. Barclays decreased their target price on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Jefferies Financial Group decreased their target price on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a research report on Wednesday, April 3rd. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $190.30.

Tesla Stock Performance

Tesla stock opened at $144.68 on Wednesday. The firm has a market capitalization of $460.78 billion, a P/E ratio of 33.57, a PEG ratio of 3.75 and a beta of 2.39. The stock has a fifty day moving average price of $176.81 and a 200 day moving average price of $209.24. Tesla has a 52 week low of $138.80 and a 52 week high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analyst estimates of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities research analysts anticipate that Tesla will post 1.97 earnings per share for the current year.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total value of $16,439,605.20. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,631,600. 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 firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value 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 $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last three months. 20.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tesla

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Tesla by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after buying an additional 3,866,361 shares during the period. Norges Bank acquired a new stake in shares of Tesla in the fourth quarter worth $7,844,757,000. Morgan Stanley boosted its position in shares of Tesla by 7.8% in the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after buying an additional 2,177,397 shares during the period. FMR LLC boosted its position in shares of Tesla by 0.9% in the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after buying an additional 269,182 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Tesla by 3.4% in the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after buying an additional 909,170 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Company Profile

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.