Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,093,572 shares of the electric vehicle producer's stock after purchasing an additional 50,518 shares during the quarter. Tesla makes up 1.3% of Nomura Asset Management Co. Ltd.'s portfolio, making the stock its 9th biggest position. Nomura Asset Management Co. Ltd.'s holdings in Tesla were worth $441,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. World Investment Advisors LLC increased its holdings in Tesla by 1,248.9% in the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after buying an additional 184,459 shares in the last quarter. Destination Wealth Management boosted its stake in shares of Tesla by 12.1% in the 3rd quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after buying an additional 1,359 shares during the last quarter. Stephens Consulting LLC grew its holdings in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after acquiring an additional 891 shares during the period. Vinva Investment Management Ltd increased its position in Tesla by 59.2% during the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after acquiring an additional 43,685 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in Tesla by 3.3% in the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock valued at $80,944,000 after acquiring an additional 9,919 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Remove Ads

Analyst Ratings Changes

TSLA has been the subject of several research reports. Evercore ISI upped their price target on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Glj Research reiterated a "buy" rating on shares of Tesla in a research report on Tuesday, March 11th. Piper Sandler cut their price objective on shares of Tesla from $500.00 to $450.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Truist Financial raised their target price on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Nine equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $317.75.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares in the company, valued at approximately $2,222,802. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00. Following the sale, the chief financial officer now owns 108,965 shares of the company's stock, valued at $45,063,565.40. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,228 shares of company stock valued at $166,849,043. Company insiders own 20.70% of the company's stock.

Tesla Trading Down 4.3 %

NASDAQ:TSLA traded down $11.33 during midday trading on Monday, hitting $252.22. The stock had a trading volume of 69,040,877 shares, compared to its average volume of 93,136,978. The stock has a 50-day moving average of $321.33 and a 200 day moving average of $323.01. The company has a market capitalization of $811.26 billion, a price-to-earnings ratio of 123.82, a PEG ratio of 5.86 and a beta of 2.50. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) 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 net margin of 7.26% and a return on equity of 10.31%. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

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.