Global X Japan Co. Ltd. Has $38.25 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Global X Japan Co. Ltd. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 44.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,705 shares of the electric vehicle producer’s stock after selling 74,941 shares during the quarter. Tesla makes up 4.8% of Global X Japan Co. Ltd.’s holdings, making the stock its 6th biggest position. Global X Japan Co. Ltd.’s holdings in Tesla were worth $38,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new position in Tesla in the 3rd quarter valued at $29,000. Peterson Financial Group Inc. bought a new stake in shares of Tesla in the third quarter valued at about $35,000. Finley Financial LLC bought a new position in Tesla during the fourth quarter worth about $64,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Tesla by 692.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after purchasing an additional 187 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Tesla in the 4th quarter valued at about $91,000. 66.20% of the stock is owned by institutional investors.

Tesla Stock Down 3.0 %

Shares of TSLA opened at $350.73 on Tuesday. The company has a market capitalization of $1.13 trillion, a PE ratio of 171.93, a PEG ratio of 6.22 and a beta of 2.34. The stock’s 50-day moving average price is $408.27 and its two-hundred day moving average price is $304.55. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, analysts anticipate that Tesla, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $354.06, for a total value of $39,792,803.40. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 635,776 shares of company stock worth $231,335,112 over the last three months. 20.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Bank of America cut Tesla from a “buy” rating to a “neutral” rating and raised their price target for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group raised their target price on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $321.71.

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.