Tokio Marine Asset Management Co. Ltd. Has $16.27 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Tokio Marine Asset Management Co. Ltd. boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 65,464 shares of the electric vehicle producer’s stock after purchasing an additional 3,964 shares during the quarter. Tesla comprises approximately 0.9% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 29th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Tesla were worth $16,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new position in shares of Tesla during the fourth quarter worth about $25,000. Mendota Financial Group LLC grew its stake in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares during the period. Ogorek Anthony Joseph NY ADV grew its stake in Tesla by 94.5% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer’s stock valued at $35,000 after acquiring an additional 69 shares during the period. Finally, Kathleen S. Wright Associates Inc. grew its stake in Tesla by 111.1% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 12.1 %

Shares of TSLA traded up $17.45 on Wednesday, hitting $162.13. 180,807,331 shares of the stock traded hands, compared to its average volume of 103,011,320. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $516.35 billion, a P/E ratio of 37.62, a P/E/G ratio of 3.75 and a beta of 2.39. The stock’s 50 day moving average is $176.28 and its two-hundred day moving average is $208.91. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSLA shares. China Renaissance started coverage on Tesla in a research report on Monday, February 26th. They issued a “hold” rating for the company. UBS Group lowered their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating for the company in a research report on Wednesday. Sanford C. Bernstein reduced their target price on Tesla from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft downgraded Tesla from a “buy” rating to a “hold” rating and reduced their target price for the stock from $189.00 to $123.00 in a report on Thursday, April 18th. Finally, Truist Financial cut their price target on Tesla from $176.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $186.22.

Insider Buying and Selling at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’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 transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on 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 transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 93,706 shares of Tesla stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,920,950. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. 20.90% of the stock is owned by 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.