Tesla, Inc. (NASDAQ:TSLA) Stock Position Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 500,237 shares of the electric vehicle producer’s stock after buying an additional 10,730 shares during the quarter. Tesla comprises about 0.9% of Daiwa Securities Group Inc.’s holdings, making the stock its 28th biggest position. Daiwa Securities Group Inc.’s holdings in Tesla were worth $202,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the 3rd quarter worth approximately $29,000. Peterson Financial Group Inc. bought a new stake in Tesla during the third quarter worth approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Tesla in the fourth quarter worth approximately $46,000. PayPay Securities Corp boosted its stake in Tesla by 130.2% during the 4th quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after purchasing an additional 69 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in shares of Tesla during the 4th quarter valued at $55,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSLA shares. Royal Bank of Canada restated a “mixed” rating on shares of Tesla in a report on Saturday, February 8th. Mizuho restated an “outperform” rating and set a $515.00 price objective on shares of Tesla in a research report on Thursday, January 30th. Evercore ISI boosted their target price on shares of Tesla from $195.00 to $275.00 and gave the stock an “in-line” rating in a report on Friday, January 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $365.00 target price on shares of Tesla in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a report on Monday, December 9th. Nine analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $327.37.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $32,643,400. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $413.56, for a total transaction of $2,894,920.00. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 422,452 shares of company stock worth $153,659,530 over the last three months. Corporate insiders own 20.70% of the company’s stock.

Tesla Trading Down 0.3 %

NASDAQ:TSLA opened at $262.67 on Monday. The company has a market capitalization of $844.88 billion, a P/E ratio of 128.76, a P/E/G ratio of 5.86 and a beta of 2.50. The stock’s 50 day moving average price is $367.78 and its 200 day moving average price is $319.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly 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 return on equity of 10.31% and a net margin of 7.26%. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.