Trade Report: Today, Tesla Motors Inc. (TSLA) gets Hold status at Vetr Inc.

Today, Tesla Motors Inc. (TSLA) gets Hold status at Vetr Inc.

Tesla Motors Inc. (NASDAQ:TSLA) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $200.43 price objective on the electric vehicle producer’s stock. Vetr‘s price objective would indicate a potential upside of 1.92% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird set a $338.00 target price on shares of Tesla Motors and gave the company a “buy” rating in a research report on Wednesday, September 28th. FBN Securities reiterated a “buy” rating and issued a $275.00 target price on shares of Tesla Motors in a research report on Thursday, October 27th. Global Equities Research restated a “buy” rating and set a $385.00 price objective on shares of Tesla Motors in a research report on Thursday, October 27th. Sterne Agee CRT restated a “buy” rating and set a $300.00 price objective on shares of Tesla Motors in a research report on Thursday, October 27th. Finally, Evercore ISI restated a “buy” rating and set a $320.00 price objective on shares of Tesla Motors in a research report on Thursday, October 27th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company. Tesla Motors currently has a consensus rating of “Hold” and an average target price of $250.47.

Tesla Motors (NASDAQ:TSLA) traded down 0.27% during midday trading on Monday, reaching $196.12. 4,529,182 shares of the company’s stock traded hands. Tesla Motors has a 1-year low of $141.05 and a 1-year high of $269.34. The firm’s 50-day moving average is $194.21 and its 200-day moving average is $210.21. The company’s market capitalization is $29.40 billion.

Tesla Motors (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $1.25. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The company’s quarterly revenue was up 145.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.58) earnings per share. Analysts forecast that Tesla Motors will post ($2.04) earnings per share for the current year.

In related news, Director Kimbal Musk sold 2,779 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total value of $549,130.40. Following the completion of the transaction, the director now owns 154,644 shares of the company’s stock, valued at approximately $30,557,654.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey B. Straubel sold 33,430 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the completion of the transaction, the insider now directly owns 359,655 shares of the company’s stock, valued at approximately $68,629,367.10. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Advisory Services Network LLC increased its position in shares of Tesla Motors by 14.5% in the third quarter. Advisory Services Network LLC now owns 489 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 62 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Tesla Motors by 92.9% in the third quarter. Reilly Financial Advisors LLC now owns 492 shares of the electric vehicle producer’s stock valued at $100,000 after buying an additional 237 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares during the last quarter. Toronto Dominion Bank increased its position in Tesla Motors by 171.5% in the second quarter. Toronto Dominion Bank now owns 544 shares of the electric vehicle producer’s stock worth $115,000 after buying an additional 1,305 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock worth $116,000 after buying an additional 180 shares in the last quarter. 60.93% of the stock is owned by hedge funds and other institutional investors.

Tesla Motors Company Profile

Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.

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