Breaking: Tesla (NASDAQ:TSLA) Hold Rating Kept at Jefferies Today; The Target Price per Share is $360

August 9, 2018 - By Billy Entrekin

Tesla, Inc. (NASDAQ:TSLA) Logo

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.13, from 1.05 in 2017Q4. It fall, as 110 investors sold Tesla, Inc. shares while 162 reduced holdings. 71 funds opened positions while 178 raised stakes. 100.60 million shares or 4.72% more from 96.06 million shares in 2017Q4 were reported.

Synovus Finance Corporation holds 0% or 611 shares in its portfolio. Wetherby Asset owns 2,136 shares. The New York-based Kemnay Advisory Inc has invested 0.02% in Tesla, Inc. (NASDAQ:TSLA). Dumont And Blake Invest Advsrs has 0.16% invested in Tesla, Inc. (NASDAQ:TSLA). Dekabank Deutsche Girozentrale holds 13,986 shares. Northwestern Mutual Wealth Mngmt Commerce has invested 0.01% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Neuberger Berman Gp Ltd Llc has 0.01% invested in Tesla, Inc. (NASDAQ:TSLA) for 38,749 shares. Highfields Capital L P invested 0.69% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Kcm Inv Advsrs Limited Liability holds 0.06% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 3,475 shares. Lpl Ltd holds 0.03% or 40,460 shares in its portfolio. 48 are owned by Oakworth Incorporated. Nelson Roberts Invest Ltd owns 68 shares for 0% of their portfolio. Highland Mgmt Ltd Llc invested in 1,802 shares or 0.04% of the stock. Optimum Advsr has invested 0% in Tesla, Inc. (NASDAQ:TSLA). Eqis Cap Inc has invested 0.04% in Tesla, Inc. (NASDAQ:TSLA).

Since February 15, 2018, it had 2 buys, and 7 sales for $31.52 million activity. On Thursday, February 15 the insider FIELD JOHN DOUGLAS sold $330,056. On Thursday, April 5 the insider Musk Kimbal sold $562,500. 452 shares were sold by Branderiz Eric, worth $147,099.

Tesla (NASDAQ:TSLA) Rating Reaffirmed

Jefferies now has a $360 price target on the $63.18 billion market cap company or -2.79 % downside potential. In an analyst note issued on 8 August, Tesla (NASDAQ:TSLA) shares have had their Hold Rating kept by research analysts at Jefferies.

Tesla, Inc. (NASDAQ:TSLA) Ratings Coverage

Among 21 analysts covering Tesla (NASDAQ:TSLA), 7 have Buy rating, 6 Sell and 8 Hold. Therefore 33% are positive. Tesla has $50000 highest and $84 lowest target. $306.19’s average target is -17.32% below currents $370.34 stock price. Tesla had 46 analyst reports since February 13, 2018 according to SRatingsIntel. Bank of America maintained Tesla, Inc. (NASDAQ:TSLA) on Thursday, May 3 with “Sell” rating. As per Friday, April 6, the company rating was maintained by Guggenheim. As per Thursday, March 8, the company rating was maintained by Citigroup. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, June 6 report. J.P. Morgan maintained the shares of TSLA in report on Wednesday, April 4 with “Sell” rating. Jefferies maintained the stock with “Sell” rating in Monday, March 19 report. The rating was maintained by Vertical Group with “Sell” on Thursday, June 14. The company was maintained on Thursday, May 31 by UBS. Jefferies maintained it with “Hold” rating and $360 target in Wednesday, August 8 report.

The stock decreased 2.43% or $9.23 during the last trading session, reaching $370.34. About 24.20M shares traded or 158.97% up from the average. Tesla, Inc. (NASDAQ:TSLA) has declined 11.99% since August 9, 2017 and is downtrending. It has underperformed by 24.56% the S&P500.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on November, 7. They expect $-1.83 EPS, up 49.03 % or $1.76 from last year’s $-3.59 per share. After $-4.22 actual EPS reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts -56.64 % EPS growth.

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company has market cap of $63.18 billion. The firm operates in two divisions, Automotive, and Energy Generation and Storage. It currently has negative earnings. It primarily offers sedans and sport utility vehicles.

More notable recent Tesla, Inc. (NASDAQ:TSLA) news were published by: Seekingalpha.com which released: “Tesla Vs. Ford: Inventory Transparency” on July 27, 2018, also Thestreet.com with their article: “2 Ways to Play Tesla Into Earnings” published on July 30, 2018, Seekingalpha.com published: “Tesla: Updating The Debt Picture” on August 07, 2018. More interesting news about Tesla, Inc. (NASDAQ:TSLA) were released by: Benzinga.com and their article: “Morgan Stanley Raises Tesla Estimates After Earnings Analysis” published on August 07, 2018 as well as Seekingalpha.com‘s news article titled: “Tesla Investors Should Brace For A Credit Downgrade” with publication date: August 07, 2018.

Tesla, Inc. (NASDAQ:TSLA) Institutional Positions Chart

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