Tesla, Inc. (NASDAQ:TSLA) Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,689 shares of the electric vehicle producer's stock after purchasing an additional 5,094 shares during the period. Tesla accounts for about 0.8% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 25th largest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Tesla were worth $22,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Eagle Capital Management LLC purchased a new position in Tesla during the 4th quarter worth approximately $331,000. Brighton Jones LLC lifted its position in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Tesla during the fourth quarter worth about $346,000. Finally, Highview Capital Management LLC DE bought a new position in Tesla during the fourth quarter valued at about $2,367,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TSLA shares. China Renaissance reiterated a "hold" rating and issued a $349.00 price objective on shares of Tesla in a research report on Friday, July 25th. Truist Financial set a $280.00 price objective on Tesla in a report on Tuesday, April 22nd. Glj Research reiterated a "sell" rating on shares of Tesla in a report on Thursday, July 24th. BNP Paribas set a $137.00 target price on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Finally, HSBC restated a "reduce" rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Ten research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $303.31.

Tesla Stock Performance

TSLA opened at $340.84 on Wednesday. The firm has a market cap of $1.10 trillion, a P/E ratio of 197.02, a price-to-earnings-growth ratio of 11.79 and a beta of 2.33. Tesla, Inc. has a 52-week low of $197.06 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The business's fifty day moving average is $318.54 and its 200-day moving average is $306.48.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the transaction, the director directly owned 855,394 shares in the company, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 602,724 shares of company stock valued at $214,176,831 over the last three months. Company insiders own 20.70% of the company's stock.

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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