Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed by Sanford C. Bernstein

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reaffirmed by analysts at Sanford C. Bernstein in a report issued on Wednesday, Borsen Zeitung reports. They currently have a $180.00 target price on the electric vehicle producer’s stock. Sanford C. Bernstein’s target price points to a potential downside of 53.72% from the stock’s previous close.

TSLA has been the subject of several other reports. Argus raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Friday, July 24th. Goldman Sachs Group lifted their price objective on Tesla to $295.00 and gave the company a “neutral” rating in a research note on Wednesday. Canaccord Genuity decreased their target price on Tesla from $442.00 to $377.00 and set a “hold” rating on the stock in a research note on Wednesday. Robert W. Baird lifted their price target on Tesla from $332.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BidaskClub upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 17th. Ten analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $201.53.

Tesla stock traded down $35.33 during mid-day trading on Wednesday, reaching $388.90. The company’s stock had a trading volume of 3,002,873 shares, compared to its average volume of 86,550,906. The company has a market capitalization of $393.20 billion, a P/E ratio of 1,012.68, a PEG ratio of 15.47 and a beta of 1.63. The firm’s fifty day moving average price is $383.97 and its two-hundred day moving average price is $229.20. Tesla has a 12-month low of $43.67 and a 12-month high of $502.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 1.25.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. Tesla had a return on equity of 4.19% and a net margin of 1.43%. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period in the previous year, the business earned ($0.22) earnings per share. On average, research analysts predict that Tesla will post 0.69 EPS for the current fiscal year.

In related news, CFO Zachary Kirkhorn sold 250 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,677.86, for a total value of $419,465.00. Following the completion of the transaction, the chief financial officer now directly owns 11,331 shares of the company’s stock, valued at $19,011,831.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 300 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $1,395.78, for a total transaction of $418,734.00. Following the completion of the sale, the senior vice president now owns 4,422 shares of the company’s stock, valued at $6,172,139.16. The disclosure for this sale can be found here. Insiders have sold 68,404 shares of company stock worth $69,328,343 over the last three months. Insiders own 23.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in shares of Tesla by 100.9% in the 2nd quarter. SG Americas Securities LLC now owns 29,906 shares of the electric vehicle producer’s stock worth $32,293,000 after buying an additional 3,259,688 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Tesla by 52,300.0% during the first quarter. J.Safra Asset Management Corp now owns 1,310,000 shares of the electric vehicle producer’s stock valued at $250,000 after acquiring an additional 1,307,500 shares in the last quarter. Darsana Capital Partners LP bought a new position in shares of Tesla during the first quarter valued at $262,000,000. Two Sigma Advisers LP purchased a new position in shares of Tesla in the 1st quarter worth about $100,559,000. Finally, Vanguard Group Inc. boosted its stake in Tesla by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,852,837 shares of the electric vehicle producer’s stock worth $9,559,382,000 after purchasing an additional 190,056 shares in the last quarter. Institutional investors and hedge funds own 48.22% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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