SBI Securities Co. Ltd. Has $94.35 Million Stock Holdings in Tesla, Inc. $TSLA

SBI Securities Co. Ltd. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 297,000 shares of the electric vehicle producer’s stock after buying an additional 6,589 shares during the quarter. Tesla makes up 2.7% of SBI Securities Co. Ltd.’s holdings, making the stock its 8th biggest holding. SBI Securities Co. Ltd.’s holdings in Tesla were worth $94,345,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Chelsea Counsel Co. lifted its holdings in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Tesla during the 2nd quarter valued at $29,000. Evergreen Private Wealth LLC boosted its position in shares of Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Glynn Capital Management LLC bought a new position in Tesla in the second quarter worth approximately $35,000. Finally, Pacific Center for Financial Services grew its position in Tesla by 44.7% in the 1st quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock valued at $39,000 after purchasing an additional 46 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 120,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the sale, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company’s stock.

Tesla Stock Down 1.3%

Shares of NASDAQ:TSLA opened at $439.62 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm has a market capitalization of $1.46 trillion, a P/E ratio of 293.08, a P/E/G ratio of 16.84 and a beta of 2.06. The stock has a 50 day moving average price of $425.40 and a 200-day moving average price of $358.68. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. China Renaissance lifted their target price on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Mizuho upped their price objective on Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. President Capital increased their target price on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and eleven have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $391.08.

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.