Mizuho Securities Co. Ltd. Purchases 8,929 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mizuho Securities Co. Ltd. boosted its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 446.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,929 shares of the electric vehicle producer’s stock after buying an additional 8,929 shares during the period. Tesla makes up 1.0% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 10th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Tesla were worth $2,899,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TSLA. Cranbrook Wealth Management LLC raised its holdings in shares of Tesla by 224.1% during the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Coston McIsaac & Partners raised its holdings in shares of Tesla by 200.0% during the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 64 shares during the period. TFO TDC LLC acquired a new stake in shares of Tesla in the 2nd quarter worth about $27,000. Horan Securities Inc. raised its holdings in shares of Tesla by 164.3% in the 2nd quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Finally, West Oak Capital LLC acquired a new stake in shares of Tesla in the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 43.00% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Edward Jones upgraded shares of Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Bank of America lowered their target price on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, January 17th. Roth Capital upped their price objective on shares of Tesla from $83.33 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Finally, Piper Sandler reduced their price objective on shares of Tesla from $340.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, January 18th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $218.29.

Insiders Place Their Bets

In other news, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the sale, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the sale, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the sale, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock worth $4,492,567,309 in the last three months. 25.10% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

NASDAQ TSLA opened at $133.42 on Monday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The stock has a market capitalization of $421.31 billion, a PE ratio of 41.22, a P/E/G ratio of 1.10 and a beta of 2.02. The company’s 50 day simple moving average is $150.72 and its two-hundred day simple moving average is $221.87.

About Tesla

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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.