200,000 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 200,000 shares of the electric vehicle producer’s stock, valued at approximately $52,326,000. Tesla comprises approximately 1.1% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 21st largest holding.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares during the period. M&G Plc bought a new position in shares of Tesla in the 1st quarter worth approximately $2,509,000. Blue Barn Wealth LLC purchased a new position in shares of Tesla in the 1st quarter valued at approximately $261,000. Chiron Capital Management LLC boosted its position in shares of Tesla by 3.7% during the first quarter. Chiron Capital Management LLC now owns 2,193 shares of the electric vehicle producer’s stock valued at $386,000 after purchasing an additional 79 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC grew its stake in Tesla by 2.7% in the first quarter. Strait & Sound Wealth Management LLC now owns 12,335 shares of the electric vehicle producer’s stock worth $2,154,000 after purchasing an additional 319 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of TSLA opened at $320.72 on Friday. The stock has a market capitalization of $1.03 trillion, a PE ratio of 87.87, a PEG ratio of 10.73 and a beta of 2.29. The company has a 50 day moving average price of $252.30 and a 200-day moving average price of $220.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $358.64.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Equities analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 188,797 shares of company stock valued at $57,616,781 in the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSLA. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 target price on shares of Tesla in a report on Thursday, October 3rd. Barclays upped their price objective on shares of Tesla from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. New Street Research downgraded Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their target price on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada lifted their price target on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $230.18.

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.