Tokio Marine Asset Management Co. Ltd. Has $20.76 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,342 shares of the electric vehicle producer's stock after acquiring an additional 5,064 shares during the quarter. Tesla makes up approximately 0.9% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 26th largest position. Tokio Marine Asset Management Co. Ltd.'s holdings in Tesla were worth $20,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. International Assets Investment Management LLC increased its position in Tesla by 35,611.2% during the third 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 buying an additional 11,023,436 shares during the last quarter. Clean Energy Transition LLP increased its position in Tesla by 347.7% during the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock worth $953,505,000 after buying an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Tesla by 21,816.0% during the second 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 during the last quarter. Vanguard Group Inc. increased its position in Tesla by 1.7% during the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after buying an additional 3,795,748 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Tesla by 236.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock worth $416,341,000 after buying an additional 1,479,378 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of TSLA traded down $19.06 during trading hours on Thursday, reaching $311.18. The stock had a trading volume of 119,970,818 shares, compared to its average volume of 95,937,266. The stock has a market capitalization of $998.91 billion, a PE ratio of 87.07, a PEG ratio of 10.67 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The company's 50-day moving average is $248.48 and its two-hundred day moving average is $218.94.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. Research analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TSLA shares. Royal Bank of Canada boosted their price target on Tesla from $236.00 to $249.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Wedbush boosted their price objective on Tesla from $300.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday. William Blair assumed coverage on Tesla in a report on Thursday, August 29th. They set an "outperform" rating for the company. Morgan Stanley restated an "overweight" rating and set a $310.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Finally, Barclays boosted their price objective on Tesla from $220.00 to $235.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Eight 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $228.24.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 8,000 shares of Tesla 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 completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock valued at $57,616,781 in the last three months. Insiders own 20.70% of the company's stock.

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.