Tesla, Inc. (NASDAQ:TSLA) Stake Increased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,060 shares of the electric vehicle producer’s stock after acquiring an additional 4,350 shares during the period. Tesla makes up 7.8% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 3rd largest position. Mizuho Securities Co. Ltd.’s holdings in Tesla were worth $3,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank & Trust Co purchased a new stake in Tesla in the 2nd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter valued at $26,000. Abich Financial Wealth Management LLC raised its stake in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Tesla in the 3rd quarter worth $29,000. Finally, Clean Yield Group grew its holdings in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.0 %

Tesla stock traded up $0.15 during trading hours on Wednesday, hitting $328.64. The company had a trading volume of 70,594,875 shares, compared to its average volume of 95,582,617. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 88.91, a price-to-earnings-growth ratio of 10.67 and a beta of 2.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $358.64. The firm’s fifty day moving average is $246.26 and its 200-day moving average is $218.16.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $295.00 price objective on shares of Tesla in a research report on Tuesday, September 10th. Stifel Nicolaus boosted their price objective on Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Robert W. Baird reiterated an “outperform” rating and set a $280.00 price objective on shares of Tesla in a report on Tuesday, August 20th. Finally, Wolfe Research initiated coverage on Tesla in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $225.06.

Insider Buying and Selling

In related news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,797 shares of company stock valued at $19,211,821. Company insiders own 20.70% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.