41,226 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,226 shares of the electric vehicle producer’s stock, valued at approximately $16,649,000. Tesla comprises about 2.1% of Mufg Securities Americas Inc.’s investment portfolio, making the stock its 6th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. lifted its position in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. raised its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after buying an additional 58 shares during the last quarter. Navigoe LLC acquired a new position in Tesla in the fourth quarter valued at approximately $37,000. CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at approximately $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Tesla in the fourth quarter valued at approximately $39,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,672 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company’s stock, valued at $7,242,273.50. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $25,466,850. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 412,623 shares of company stock worth $115,600,501 in the last ninety days. Insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TSLA. Glj Research reiterated a “sell” rating and set a $19.05 target price (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. Morgan Stanley reiterated a “buy” rating and issued a $430.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. HSBC cut their target price on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research note on Thursday, March 27th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Barclays cut their price target on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $287.46.

Tesla Stock Up 4.9%

NASDAQ:TSLA opened at $334.07 on Wednesday. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The firm has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 163.76, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $260.85 and its two-hundred day moving average price is $328.28.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.