Tesla Motors’ (TSLA) Buy Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Tesla Motors, Inc. (NASDAQ:TSLA) in a report issued on Thursday morning. They currently have a $338.00 target price on the electric vehicle producer’s stock.

TSLA has been the topic of several other reports. Vetr upgraded shares of Tesla Motors from a buy rating to a strong-buy rating and set a $203.80 target price on the stock in a research report on Tuesday, November 15th. Cowen and Company restated an underperform rating and set a $155.00 target price (down from $160.00) on shares of Tesla Motors in a research report on Sunday, December 4th. Global Equities Research restated an overweight rating and set a $385.00 target price on shares of Tesla Motors in a research report on Tuesday, December 6th. TheStreet upgraded shares of Tesla Motors from a d+ rating to a c- rating in a research report on Wednesday, January 25th. Finally, Morgan Stanley lowered their price target on shares of Tesla Motors from $245.00 to $242.00 and set an equal weight rating on the stock in a research report on Wednesday, November 23rd. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $251.75.

Analyst Recommendations for Tesla Motors (NASDAQ:TSLA)

Shares of Tesla Motors (NASDAQ:TSLA) opened at 280.98 on Thursday. Tesla Motors has a 52-week low of $156.68 and a 52-week high of $287.39. The stock’s 50 day moving average is $243.63 and its 200 day moving average is $213.35. The stock’s market cap is $42.12 billion.

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In other news, VP John Douglas Field sold 1,000 shares of Tesla Motors stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $228.61, for a total value of $228,610.00. Following the transaction, the vice president now directly owns 15,433 shares of the company’s stock, valued at $3,528,138.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Antonio J. Gracias sold 5,600 shares of Tesla Motors stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $254.44, for a total transaction of $1,424,864.00. Following the completion of the transaction, the director now directly owns 5,600 shares in the company, valued at $1,424,864. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,130 shares of company stock worth $9,989,309. 27.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $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 worth $100,000 after buying an additional 237 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of Tesla Motors during the fourth quarter worth approximately $104,000. Proficio Capital Partners LLC increased its position in shares of 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 during the last quarter. Finally, Cable Hill Partners LLC increased its position in shares of Tesla Motors by 36.1% in the third quarter. Cable Hill Partners LLC now owns 693 shares of the electric vehicle producer’s stock worth $139,000 after buying an additional 184 shares during the last quarter. 57.29% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Motors Company Profile

Tesla, Inc, formerly 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.

5 Day Chart for NASDAQ:TSLA

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