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

Mizuho Securities Co. Ltd. increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4,912.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,010 shares of the electric vehicle producer's stock after acquiring an additional 3,930 shares during the period. Tesla comprises about 12.3% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its biggest holding. Mizuho Securities Co. Ltd.'s holdings in Tesla were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSLA. PFG Investments LLC boosted its position in Tesla by 3.1% in the first quarter. PFG Investments LLC now owns 136,027 shares of the electric vehicle producer's stock worth $35,253,000 after purchasing an additional 4,119 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its holdings in shares of Tesla by 3.9% in the first quarter. Jamison Private Wealth Management Inc. now owns 21,373 shares of the electric vehicle producer's stock worth $5,539,000 after buying an additional 809 shares during the last quarter. Rockline Wealth Management LLC grew its position in Tesla by 3.9% during the first quarter. Rockline Wealth Management LLC now owns 12,123 shares of the electric vehicle producer's stock valued at $3,142,000 after buying an additional 456 shares during the period. Evanson Asset Management LLC increased its holdings in Tesla by 13.3% during the first quarter. Evanson Asset Management LLC now owns 8,997 shares of the electric vehicle producer's stock valued at $2,332,000 after buying an additional 1,057 shares during the last quarter. Finally, Carr Financial Group Corp raised its position in Tesla by 4.8% in the first quarter. Carr Financial Group Corp now owns 3,065 shares of the electric vehicle producer's stock worth $794,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reissued a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Morgan Stanley reiterated an "overweight" rating and set a $410.00 target price on shares of Tesla in a research report on Friday, June 6th. Royal Bank Of Canada cut their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Friday. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $293.67.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president now directly owns 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares in the company, valued at approximately $682,500. This represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock worth $278,648,925 over the last ninety days. Company insiders own 20.70% of the company's stock.

Tesla Trading Up 0.0%

Shares of TSLA opened at $322.16 on Friday. The stock has a market capitalization of $1.04 trillion, a PE ratio of 177.01, a P/E/G ratio of 12.04 and a beta of 2.47. The company's fifty day moving average is $306.22 and its 200 day moving average is $332.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a fifty-two week low of $180.69 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.

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