Mizuho Securities Co. Ltd. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Mizuho Securities Co. Ltd. raised its position in Tesla, Inc. (NASDAQ:TSLA) by 81.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,320 shares of the electric vehicle producer’s stock after acquiring an additional 2,830 shares during the period. Tesla comprises 5.6% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 5th biggest position. Mizuho Securities Co. Ltd.’s holdings in Tesla were worth $1,570,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSLA. Opal Wealth Advisors LLC raised its stake in Tesla by 1.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock worth $1,089,000 after acquiring an additional 42 shares in the last quarter. Holderness Investments Co. grew its position in Tesla by 1.6% during the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock worth $650,000 after purchasing an additional 42 shares during the last quarter. Wagner Wealth Management LLC grew its position in Tesla by 1.3% during the 3rd quarter. Wagner Wealth Management LLC now owns 3,384 shares of the electric vehicle producer’s stock worth $847,000 after purchasing an additional 44 shares during the last quarter. SCS Capital Management LLC grew its position in Tesla by 0.3% during the 3rd quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock worth $4,224,000 after purchasing an additional 45 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in Tesla by 0.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock worth $2,622,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. China Renaissance assumed coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating on the stock. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 3rd. The Goldman Sachs Group lowered their target price on shares of Tesla from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Tesla in a report on Monday. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $194.33.

Tesla Stock Performance

Shares of Tesla stock traded up $2.63 during trading hours on Tuesday, reaching $144.68. The company’s stock had a trading volume of 119,642,343 shares, compared to its average volume of 101,872,688. The company’s 50 day simple moving average is $176.81 and its 200 day simple moving average is $209.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The stock has a market cap of $460.78 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 3.89 and a beta of 2.40.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, analysts expect that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,920,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last ninety days. 20.90% of the stock is owned by insiders.

Tesla 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.