Neuberger Berman Group LLC increased its stake in shares of Tesla by 45.0% during the 1st quarter. Moreover, the company is facing supply chain problems which are restricting its ability to increase production. During third-quarter 2017, the company delivered 220 Model 3s and produced 260, missing the production target of 1,500.
Potter reaffirmed his $386 price target on Tesla shares, representing 10 percent upside to Monday's close. Credit Suisse maintained it with "Outperform" rating and $240 target in Thursday, February 11 report. Vetr downgraded shares of Tesla from a "strong-buy" rating to a "buy" rating and set a $358.85 price objective on the stock.in a research report on Tuesday, July 11th. LLC increased its holdings in Tesla Inc. Piper Jaffray maintained the shares of TSLA in report on Monday, September 11 with "Buy" rating. The stock of Tesla Inc (NASDAQ:TSLA) earned "Buy" rating by Zacks on Tuesday, August 11. The company presently has a consensus rating of "Hold" and a consensus target price of $327.37.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 214.68 on Friday. They expect $-2.00 EPS, down 1,528.57% or $2.14 from last year's $0.14 per share. TSLA has recorded a 50-day average of $355.77 and a two hundred day average of $339.60. Now trading with a market value of 58.73B, the company has a mix of catalysts and obstacles that spring from the nature of its operations.
Tesla has with a one year low of $178.19 and a one year high of $389.61 and has a market capitalization of $0. Goldman Sachs upgraded Tesla Inc (NASDAQ:TSLA) rating on Wednesday, May 18. Its up 0.19, from 1.08 in 2017Q1. The company had revenue of $2.79 billion during the quarter, compared to analysts' expectations of $2.50 billion. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. During the same period in the previous year, the business earned ($1.06) earnings per share. Equities analysts forecast that Tesla will post ($6.56) earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. "(TSLA) Rating Lowered to Sell at Zacks Investment Research" was originally published by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation. The correct version of this article can be viewed at https://weekherald.com/2017/10/20/tesla-inc-tsla-rating-lowered-to-sell-at-zacks-investment-research.html. Also, insider Jeffrey B. Straubel sold 33,430 shares of the company's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2,500 shares were sold by Musk Kimbal, worth $789,182. The shares were sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the transaction, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,446 shares of company stock worth $17,504,929.
The company's stock fell 1.4 percent Monday after a report that it fired hundreds of employees.
Want to see what other hedge funds are holding TSLA? It is positive, as 83 investors sold Tesla Inc shares while 159 reduced holdings. The Lockheed Martin Investment Management Company holds 7,370 shares with $2.67 million value, up from 5,570 last quarter. Envestnet Asset Management Inc. now owns 1,504 shares of the electric vehicle producer's stock valued at $419,000 after acquiring an additional 621 shares during the last quarter. Jasper Ridge Partners L.P. grew its stake in Tesla by 7,001.5% during the 2nd quarter. Finally, BB&T Securities LLC acquired a new stake in Tesla in the 1st quarter valued at about $283,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Tesla by 131.8% during the 2nd quarter. The Generation Business Group (Generation Group) owns and operates a portfolio of non-regulated renewable and thermal electric generation utility assets; the Transmission Business Group (Transmission Group) is responsible for evaluating and capitalizing upon natural gas pipeline and electric transmission asset opportunities in North America, and the Distribution Business Group (Distribution Group) owns and operates a portfolio of North American electric, natural gas, and water distribution and wastewater collection utility systems. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.