Mizuho Markets Americas LLC Purchases Shares of 200,000 Tesla, Inc. (NASDAQ:TSLA)

Mizuho Markets Americas LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 200,000 shares of the electric vehicle producer’s stock, valued at approximately $52,326,000. Tesla makes up approximately 1.1% of Mizuho Markets Americas LLC’s portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TSA Wealth Managment LLC grew its position in Tesla by 23.4% in the 3rd quarter. TSA Wealth Managment LLC now owns 1,822 shares of the electric vehicle producer’s stock valued at $477,000 after purchasing an additional 345 shares during the period. Meridian Investment Counsel Inc. bought a new position in shares of Tesla in the third quarter valued at $230,000. Birchcreek Wealth Management LLC acquired a new position in shares of Tesla during the third quarter valued at about $277,000. Empowered Funds LLC increased its position in shares of Tesla by 2.8% during the third quarter. Empowered Funds LLC now owns 72,563 shares of the electric vehicle producer’s stock worth $18,985,000 after acquiring an additional 2,001 shares in the last quarter. Finally, Empirical Finance LLC raised its holdings in shares of Tesla by 3.8% in the 3rd quarter. Empirical Finance LLC now owns 81,282 shares of the electric vehicle producer’s stock worth $21,266,000 after acquiring an additional 2,974 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $320.72 on Friday. The company’s 50 day simple moving average is $252.30 and its two-hundred day simple moving average is $220.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $358.64. The stock has a market capitalization of $1.03 trillion, a PE ratio of 87.87, a P/E/G ratio of 10.73 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the company earned $0.53 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,797 shares of company stock valued at $57,616,781 in the last quarter. Insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSLA. Royal Bank of Canada boosted their price objective on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday. Argus reissued a “buy” rating and issued a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Wolfe Research assumed coverage on shares of Tesla in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Finally, Guggenheim boosted their price target on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $230.18.

About Tesla

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.