Mizuho Securities Co. Ltd. Buys 2,830 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mizuho Securities Co. Ltd. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 81.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,320 shares of the electric vehicle producer’s stock after buying an additional 2,830 shares during the period. Tesla makes up approximately 5.6% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 5th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Tesla were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TSLA. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Mendota Financial Group LLC raised its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after purchasing an additional 100 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSLA shares. Mizuho reiterated a “neutral” rating and issued a $195.00 price objective (down from $270.00) on shares of Tesla in a report on Monday, March 25th. Redburn Atlantic initiated coverage on shares of Tesla in a research note on Wednesday, January 24th. They issued a “sell” rating and a $170.00 target price for the company. Deutsche Bank Aktiengesellschaft cut shares of Tesla from a “buy” rating to a “hold” rating and decreased their target price for the company from $189.00 to $123.00 in a research note on Thursday, April 18th. Morgan Stanley decreased their target price on shares of Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, China Renaissance initiated coverage on shares of Tesla in a research note on Monday, February 26th. They issued a “hold” rating for the company. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $194.33.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the sale, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,098 shares of company stock worth $38,802,534. Corporate insiders own 20.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $2.63 on Tuesday, reaching $144.68. 119,642,343 shares of the company’s stock were exchanged, compared to its average volume of 101,872,688. The company has a fifty day moving average of $176.81 and a 200-day moving average of $209.24. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a market capitalization of $460.78 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 3.89 and a beta of 2.40. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that Tesla, Inc. will post 1.97 EPS for the current fiscal year.

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.