Tesla (TSLA) Given a $180.00 Price Target by Bank of America Analysts

James Marshall
May 7, 2018

The S3 Partners analyst estimates that there are about 47 million shares available to short the electric vehicle maker, which means that there are only 6.5 million shares of the company left to short. Tesla Inc now has $50.00B valuation. The stock increased 3.39% or $9.64 during the last trading session, reaching $294.09. Company insiders own 22.80% of the company's stock. State Street Corporation (NYSE:STT) has risen 26.69% since May 7, 2017 and is uptrending. It has underperformed by 8.23% the S&P500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $321.41, for a total transaction of $321,410.00.

The stock increased 1.64% or $0.4 during the last trading session, reaching $24.75. About 4.17 million shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since May 7, 2017 and is uptrending. It has outperformed by 5.76% the S&P500.

More notable recent Tesla, Inc. FDx Advisors Inc. bought a new position in shares of Tesla during the 4th quarter valued at approximately $203,000. "(NASDAQ:TSLA) Still A Zero [SLIDES]" on May 06, 2018, also Seekingalpha.com with their article: "Tesla tops margin expectations" published on May 02, 2018, Thestreet.com published: "Tesla's Earnings Wednesday Are the Complete Opposite of Apple's" on May 02, 2018.

"As Tesla's short interest increases, there will be external forces putting the brakes on large moves on the short side", he said. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Tesla by 77.1% in the fourth quarter. Therefore 25% are positive. Tesla, Inc. has a 12-month low of $244.59 and a 12-month high of $389.61. The stock's average target of $291.80 is -0.78% below today's ($294.09) share price.

In a recently published research note, S3 Partners analyst Ihor Dusaniwsky stated that TSLA bears are now facing a massive risk by betting against the electric vehicle maker. Moreover, Kennedy Capital Management Inc. has 0.01% invested in the company for 23,096 shares. Goldman Sachs maintained the stock with "Sell" rating in Monday, March 19 report.

Dusaniwsky also warned that the costs of maintaining short positions against Tesla have begun to surge as demand outstrips supply. (NASDAQ:TSLA) by some 10,649,665 shares, 320 decreased positions by 8,502,436 and 158 held positions by 80,210,424. The stock has "Buy" rating by Guggenheim on Thursday, January 4. Finally, KeyCorp reissued a hold rating on shares of Tesla in a report on Thursday. The firm has "Sell" rating by Goldman Sachs given on Thursday, April 19.

Tesla presently has a consensus price target of $317.76, indicating a potential upside of 6.17%. The firm has "Neutral" rating by Goldman Sachs given on Thursday, October 6. Following the sale, the director now directly owns 150,208 shares in the company, valued at approximately $45,062,400.

Tesla, Inc. (NASDAQ:TSLA) was the recipient of a significant growth in short interest in March. Berkshire Hathaway Inc Del (BRKB) was raised too.

Since December 13, 2017, it had 0 insider buys, and 9 insider sales for $3.87 million activity. Following the sale, the vice president now directly owns 1,248 shares of the company's stock, valued at approximately $441,168.

Investors sentiment decreased to 1.05 in 2017 Q4. It's up 0.25, from 1 in 2017Q3. It is negative, as 105 investors sold TSLA shares while 156 reduced holdings. 69 funds opened positions while 206 raised stakes. (NASDAQ:TSLA), with 5 analysts believing it is a strong buy. Webster Bank N A invested 0% of its portfolio in Tesla, Inc. North Star Investment Mngmt holds 0.01% or 364 shares in its portfolio. Bank of America has "Sell" rating and $18000 target. Benjamin F Edwards Inc invested in 553 shares or 0.02% of the stock. Bridgeway Capital Management Inc owns 61,400 shares or 0.01% of their U.S. portfolio. It also upped Northern Tr Corp (NASDAQ:NTRS) stake by 6,702 shares and now owns 226,482 shares. (NASDAQ:TSLA) by 9.7% in the first quarter, HoldingsChannel.com reports. Valley National Advisers holds 0.03% or 267 shares. Earnest Prtn Ltd Liability reported 0% stake. Guggenheim Cap Ltd Liability Co reported 44,277 shares. Kbc Gru Nv stated it has 27,813 shares or 0.07% of all its holdings. Another trade for 200,000 shares valued at $7.59M was made by BARTZ CAROL on Thursday, December 14. On Tuesday, January 2 Musk Kimbal sold $1.27 million worth of Tesla, Inc. (NASDAQ:TSLA) rating on Thursday, May 3. Erickson Andrew sold $114,614 worth of stock. (NASDAQ:TSLA) for 2,814 shares. Shares for $550,153 were sold by BURNS M MICHELE. Sold All: 2 Reduced: 2 Increased: 2 New Position: 3. Ardsley Advisory Ptnrs invested 0.08% in Cisco Systems, Inc. (NASDAQ:TSLA) for 5,500 shares. Fragasso Grp Incorporated invested 0.45% of its portfolio in Cisco Systems, Inc. Moors & Cabot owns 2,905 shares for 0.12% of their portfolio. First Pacific Advsr Limited Liability stated it has 4.08% in Cisco Systems, Inc. Winfield Inc reported 326 shares. Domini Impact Investments Llc, a New York-based fund reported 683 shares. The investment professionals in our database now possess: 96.06 million shares, up from 93.25 million shares in 2017Q3. (NASDAQ:CSCO) to report earnings on May, 16. The electric vehicle producer reported ($3.35) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.95).

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