SBI Securities Co. Ltd. Takes Position in Tesla, Inc. (NASDAQ:TSLA)

SBI Securities Co. Ltd. bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 299,117 shares of the electric vehicle producer’s stock, valued at approximately $120,795,000. Tesla comprises about 3.7% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Tesla during the third quarter valued at about $29,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Tesla during the 4th quarter valued at about $46,000. PayPay Securities Corp raised its position 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 during the last quarter. Peterson Financial Group Inc. purchased a new stake in Tesla in the 3rd quarter worth approximately $35,000. Finally, Finley Financial LLC bought a new stake in shares of Tesla in the 4th quarter worth approximately $64,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $374.21, for a total value of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 403,996 shares of company stock worth $153,721,387 in the last 90 days. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSLA shares. Wedbush set a $302.80 target price on Tesla in a report on Wednesday, February 26th. Guggenheim restated a “sell” rating on shares of Tesla in a report on Tuesday, February 25th. New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $460.00 target price on the stock in a research note on Monday, January 6th. The Goldman Sachs Group reissued a “cautious” rating on shares of Tesla in a research note on Monday. Finally, Wells Fargo & Company lifted their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $318.77.

Tesla Stock Down 2.8 %

TSLA stock opened at $284.65 on Tuesday. The company has a market cap of $915.58 billion, a price-to-earnings ratio of 139.53, a P/E/G ratio of 5.86 and a beta of 2.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business’s 50-day moving average is $382.44 and its two-hundred day moving average is $318.01. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share 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%. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.