Mizuho Securities USA LLC Sells 154,728 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mizuho Securities USA LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 72.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,206 shares of the electric vehicle producer's stock after selling 154,728 shares during the quarter. Mizuho Securities USA LLC's holdings in Tesla were worth $15,490,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after acquiring an additional 11,023,436 shares in the last quarter. Clean Energy Transition LLP increased its stake in Tesla by 347.7% in the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock valued at $953,505,000 after buying an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Tesla by 21,816.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after buying an additional 5,875,484 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Tesla by 236.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock valued at $416,341,000 after acquiring an additional 1,479,378 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of Tesla in the first quarter valued at about $187,775,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA traded up $9.54 during mid-day trading on Friday, reaching $320.72. The company had a trading volume of 114,440,286 shares, compared to its average volume of 109,566,312. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company's 50-day moving average is $252.30 and its 200-day moving average is $220.72. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The company has a market capitalization of $1.03 trillion, a P/E ratio of 87.87, a P/E/G ratio of 10.42 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Tesla's revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,797 shares of company stock worth $57,616,781. Company insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Wedbush increased their price objective on Tesla from $300.00 to $400.00 and gave the company an "outperform" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their target price on shares of Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Piper Sandler upped their price objective on Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, HSBC reiterated a "reduce" rating and set a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $230.18.

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.