Tesla (NASDAQ:TSLA) PT Lowered to $145.00 at Evercore ISI

Tesla (NASDAQ:TSLA) had its target price decreased by Evercore ISI from $155.00 to $145.00 in a research note released on Monday, Benzinga reports. Evercore ISI currently has an in-line rating on the electric vehicle producer’s stock.

A number of other research firms have also recently weighed in on TSLA. JPMorgan Chase & Co. decreased their price objective on Tesla from $130.00 to $115.00 and set an underweight rating for the company in a research report on Wednesday, April 3rd. Edward Jones cut Tesla from a buy rating to a hold rating in a research report on Friday, January 26th. Guggenheim reaffirmed a sell rating and set a $122.00 price objective on shares of Tesla in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $123.00 to $136.00 and gave the company a hold rating in a report on Thursday, April 25th. Finally, Daiwa Capital Markets cut Tesla from an outperform rating to a neutral rating and reduced their price target for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $184.32.

Tesla Trading Down 1.8 %

NASDAQ:TSLA opened at $179.99 on Monday. The stock’s 50 day moving average price is $174.41 and its 200 day moving average price is $206.11. The company has a market capitalization of $574.02 billion, a PE ratio of 45.92, a P/E/G ratio of 5.28 and a beta of 2.39. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla has a 52-week low of $138.80 and a 52-week high of $299.29.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently modified their holdings of the stock. YHB Investment Advisors Inc. lifted its holdings in Tesla by 6.4% during the 3rd quarter. YHB Investment Advisors Inc. now owns 1,999 shares of the electric vehicle producer’s stock worth $500,000 after buying an additional 120 shares during the last quarter. RMR Wealth Builders lifted its holdings in Tesla by 32.9% during the 3rd quarter. RMR Wealth Builders now owns 12,650 shares of the electric vehicle producer’s stock worth $3,165,000 after buying an additional 3,135 shares during the last quarter. Sweet Financial Partners LLC lifted its holdings in Tesla by 5.9% during the 3rd quarter. Sweet Financial Partners LLC now owns 1,553 shares of the electric vehicle producer’s stock worth $389,000 after buying an additional 87 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in Tesla by 4.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 34,831 shares of the electric vehicle producer’s stock worth $8,877,000 after buying an additional 1,354 shares during the last quarter. Finally, Vicus Capital lifted its holdings in Tesla by 50.6% during the 3rd quarter. Vicus Capital now owns 1,676 shares of the electric vehicle producer’s stock worth $419,000 after buying an additional 563 shares during the last quarter. 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.