Mizuho Securities USA LLC Has $47.07 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Mizuho Securities USA LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,918 shares of the electric vehicle producer's stock after selling 34,016 shares during the quarter. Tesla accounts for about 1.0% of Mizuho Securities USA LLC's holdings, making the stock its 12th biggest position. Mizuho Securities USA LLC's holdings in Tesla were worth $47,072,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank & Trust Co acquired a new position in shares of Tesla during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla during the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC increased its position in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in Tesla during the 3rd quarter worth about $29,000. Finally, Clean Yield Group increased its position in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Down 0.5 %

Shares of NASDAQ TSLA traded down $1.86 during mid-day trading on Thursday, hitting $340.17. 55,276,729 shares of the company traded hands, compared to its average volume of 95,830,680. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $358.64. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 92.62, a PEG ratio of 11.24 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $259.42 and a two-hundred day moving average of $224.12.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate 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 return on equity of 10.24% and a net margin of 13.07%. Tesla's revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on TSLA shares. Jefferies Financial Group lifted their price target on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Phillip Securities cut Tesla from a "moderate sell" rating to a "strong sell" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $295.00 price target on shares of Tesla in a report on Tuesday, September 10th. Guggenheim lifted their price target on Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a report on Thursday, October 24th. Finally, Argus restated a "buy" rating and issued a $286.00 price target on shares of Tesla in a report on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $230.18.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company'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 transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. This represents a 7.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,187 shares of company stock valued at $92,956,692. Corporate insiders own 20.70% of the company's stock.

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.