Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,464 shares of the electric vehicle producer’s stock after acquiring an additional 3,964 shares during the quarter. Tesla makes up 0.9% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 29th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Tesla were worth $16,266,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC increased its holdings in Tesla by 3.5% in the third quarter. DAVENPORT & Co LLC now owns 31,878 shares of the electric vehicle producer’s stock valued at $7,976,000 after buying an additional 1,092 shares during the last quarter. Park Place Capital Corp increased its holdings in Tesla by 13.9% in the third quarter. Park Place Capital Corp now owns 1,124 shares of the electric vehicle producer’s stock valued at $281,000 after buying an additional 137 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Tesla by 17.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 26,279 shares of the electric vehicle producer’s stock valued at $6,576,000 after buying an additional 3,874 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in Tesla by 18.8% in the third quarter. GHP Investment Advisors Inc. now owns 922 shares of the electric vehicle producer’s stock valued at $232,000 after buying an additional 146 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC increased its holdings in Tesla by 71.9% in the third quarter. Nalls Sherbakoff Group LLC now owns 837 shares of the electric vehicle producer’s stock valued at $209,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock traded up $17.45 during trading on Wednesday, hitting $162.13. The company had a trading volume of 180,807,331 shares, compared to its average volume of 103,011,320. The firm has a market capitalization of $516.35 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 3.75 and a beta of 2.39. The business has a 50 day moving average of $176.28 and a 200 day moving average of $208.91. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The business had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Tesla’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TSLA. Wedbush reissued an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a report on Friday, April 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Wednesday. Canaccord Genuity Group cut their price target on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. China Renaissance began coverage on Tesla in a research report on Monday, February 26th. They set a “hold” rating for the company. Finally, Jefferies Financial Group dropped their target price on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $186.22.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the sale, the senior vice president now owns 31,230 shares in the company, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,098 shares of company stock worth $38,802,534. 20.90% of the stock is owned by corporate insiders.

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.