Today: Berenberg Bank Reaffirmed “Hold” Rating for Tesla Motors Inc. (TSLA)

Today: Berenberg Bank Reaffirmed “Hold” Rating for Tesla Motors Inc. (TSLA)

Tesla Motors Inc. (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Monday. They presently have a $193.00 price objective on the electric vehicle producer’s stock. Berenberg Bank’s price objective suggests a potential downside of 1.86% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Vetr downgraded shares of Tesla Motors from a “buy” rating to a “hold” rating and set a $200.43 price objective for the company. in a report on Monday. Morgan Stanley cut their price objective on shares of Tesla Motors from $245.00 to $242.00 and set an “equal weight” rating for the company in a report on Wednesday, November 23rd. Robert W. Baird set a $338.00 price objective on shares of Tesla Motors and gave the company a “buy” rating in a report on Saturday, November 19th. S&P Equity Research reissued a “sell” rating on shares of Tesla Motors in a report on Thursday, October 27th. Finally, Bank of America Corp. reissued a “sell” rating and issued a $155.00 price objective on shares of Tesla Motors in a report on Thursday, October 27th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $250.47.

Shares of Tesla Motors (NASDAQ:TSLA) opened at 195.29 on Monday. Tesla Motors has a 1-year low of $141.05 and a 1-year high of $269.34. The company’s market capitalization is $29.27 billion. The stock’s 50 day moving average is $194.23 and its 200 day moving average is $210.26.

Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, topping the consensus estimate of ($0.54) by $1.25. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. Tesla Motors’s revenue was up 145.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.58) EPS. On average, equities research analysts anticipate that Tesla Motors will post ($2.04) EPS for the current fiscal year.

In other news, insider Jeffrey B. Straubel sold 33,430 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $190.82, for a total value of $6,379,112.60. Following the completion of the transaction, the insider now directly owns 359,655 shares in the company, valued at $68,629,367.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 2,779 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40. Following the completion of the transaction, the director now owns 154,644 shares of the company’s stock, valued at $30,557,654.40. The disclosure for this sale can be found here. Company insiders own 27.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TSLA. NEXT Financial Group Inc raised its position in Tesla Motors by 31.0% in the second quarter. NEXT Financial Group Inc now owns 1,053 shares of the electric vehicle producer’s stock worth $223,000 after buying an additional 249 shares during the period. British Columbia Investment Management Corp raised its stake in shares of Tesla Motors by 4.2% in the second quarter. British Columbia Investment Management Corp now owns 50,633 shares of the electric vehicle producer’s stock valued at $10,748,000 after buying an additional 2,051 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Tesla Motors by 7.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,446 shares of the electric vehicle producer’s stock valued at $307,000 after buying an additional 100 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Tesla Motors by 3.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,029 shares of the electric vehicle producer’s stock valued at $1,068,000 after buying an additional 185 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of Tesla Motors by 3.8% in the second quarter. Gateway Investment Advisers LLC now owns 38,663 shares of the electric vehicle producer’s stock valued at $8,207,000 after buying an additional 1,433 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

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