Daiwa Securities Group Inc. Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Daiwa Securities Group Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 578,059 shares of the electric vehicle producer's stock after purchasing an additional 130,237 shares during the period. Tesla accounts for approximately 0.9% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 28th biggest position. Daiwa Securities Group Inc.'s holdings in Tesla were worth $143,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. MidWestOne Financial Group Inc. raised its stake in shares of Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer's stock worth $509,000 after purchasing an additional 15 shares during the period. City State Bank raised its stake in shares of Tesla by 3.3% during the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer's stock worth $315,000 after purchasing an additional 40 shares during the period. Linscomb & Williams Inc. raised its stake in shares of Tesla by 3.5% during the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer's stock worth $1,329,000 after purchasing an additional 42 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 42 shares during the period. Finally, Holderness Investments Co. raised its stake in shares of 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 period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA traded down $1.66 during midday trading on Wednesday, hitting $155.45. The stock had a trading volume of 82,283,222 shares, compared to its average volume of 101,923,211. The company has a market cap of $495.08 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 4.25 and a beta of 2.39. The business has a fifty day moving average of $180.24 and a 200 day moving average of $212.64. 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 1 year low of $152.37 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The company had revenue of $25.17 billion for the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.07 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. China Renaissance initiated coverage on Tesla in a research note on Monday, February 26th. They issued a "hold" rating on the stock. Robert W. Baird restated an "outperform" rating and issued a $280.00 price objective on shares of Tesla in a research note on Wednesday. HSBC lowered their price objective on Tesla from $143.00 to $138.00 and set a "reduce" rating on the stock in a research note on Wednesday, April 3rd. Morgan Stanley lowered their price objective on Tesla from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Finally, UBS Group lowered their price objective on Tesla from $225.00 to $165.00 and set a "neutral" rating on the stock in a research note on Thursday, March 14th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $197.15.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Robyn M. Denholm sold 93,706 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company's stock, valued at $2,920,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $2,631,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,098 shares of company stock valued at $38,802,534. 20.90% of the stock is currently owned by company 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.