Tesla (NASDAQ:TSLA) Price Target Raised to $135.00 at JPMorgan Chase & Co.

Tesla (NASDAQ:TSLA) had its price target lifted by JPMorgan Chase & Co. from $130.00 to $135.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an underweight rating on the electric vehicle producer’s stock.

Several other analysts also recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $245.00 target price on shares of Tesla in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $254.00 target price on shares of Tesla in a research note on Friday, September 13th. Piper Sandler upped their price target on shares of Tesla from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Barclays decreased their price objective on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $218.18.

Tesla Stock Performance

Tesla stock opened at $260.48 on Thursday. The firm has a market capitalization of $832.14 billion, a PE ratio of 73.17, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29. Tesla has a one year low of $138.80 and a one year high of $271.00. The stock’s 50 day moving average price is $228.54 and its 200 day moving average price is $206.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, sell-side analysts expect that Tesla will post 1.75 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds have recently modified their holdings of TSLA. Future Financial Wealth Managment LLC bought a new position in Tesla during the first quarter valued at about $79,000. Wealthcare Advisory Partners LLC boosted its position in shares of Tesla by 3.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,655 shares of the electric vehicle producer’s stock valued at $2,576,000 after purchasing an additional 501 shares in the last quarter. Register Financial Advisors LLC boosted its position in shares of Tesla by 32.7% during the 1st quarter. Register Financial Advisors LLC now owns 1,677 shares of the electric vehicle producer’s stock valued at $295,000 after purchasing an additional 413 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Tesla by 9.2% in the 1st quarter. Kathmere Capital Management LLC now owns 1,177 shares of the electric vehicle producer’s stock worth $207,000 after purchasing an additional 99 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its holdings in shares of Tesla by 4.3% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,613 shares of the electric vehicle producer’s stock worth $260,000 after purchasing an additional 67 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.