185,000 Shares in Tesla, Inc. $TSLA Purchased by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC disclosed a new fourth-quarter stake in Tesla, buying 185,000 shares valued at about $83.2 million. Tesla now represents roughly 1.6% of the firm’s holdings and is its 14th-largest position.
• Institutional interest in Tesla remains high, with several other funds also increasing their positions; overall, about 66.2% of Tesla’s stock is held by institutional investors. At the same time, analysts are mixed, with the stock carrying a consensus rating of “Hold” and an average price target of $395.20.
• Tesla recently posted better-than-expected EPS of $0.41 on revenue of $22.39 billion, but revenue came in below estimates. The article also notes ongoing debate around Tesla’s valuation, Full Self-Driving rollout, and recent quality-control issues including a recall of 14,575 Model Y SUVs.

Mizuho Markets Americas LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 185,000 shares of the electric vehicle producer's stock, valued at approximately $83,198,000. Tesla makes up about 1.6% of Mizuho Markets Americas LLC's holdings, making the stock its 14th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC raised its position in shares of Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after acquiring an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after acquiring an additional 3,935 shares during the period. Calamos Wealth Management LLC raised its holdings in shares of Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock valued at $18,846,000 after acquiring an additional 2,341 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock valued at $8,019,000 after acquiring an additional 3,724 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. Barclays reiterated a "neutral" rating on shares of Tesla in a research report on Wednesday, May 13th. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Tesla in a research report on Thursday, April 23rd. Piper Sandler reiterated an "overweight" rating on shares of Tesla in a report on Thursday, January 29th. DZ Bank raised Tesla from a "sell" rating to a "hold" rating and set a $385.00 price objective for the company in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Tesla in a research report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $395.20.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Tesla Trading Up 2.0%

NASDAQ TSLA opened at $426.01 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The firm's fifty day simple moving average is $387.76 and its 200-day simple moving average is $416.91. The company has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a price-to-earnings-growth ratio of 16.50 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 83,213 shares of company stock valued at $32,201,105. 19.90% of the stock is owned by corporate insiders.

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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