Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 59.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,280 shares of the electric vehicle producer’s stock after acquiring an additional 9,020 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Tesla were worth $4,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Bank & Trust Co purchased a new stake in shares of Tesla in the second quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla during the 2nd quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Tesla during the 4th quarter worth approximately $37,000. Guardian Wealth Management Inc. acquired a new stake in Tesla during the 4th quarter worth approximately $47,000. Finally, Kessler Investment Group LLC grew its stake in shares of Tesla by 35.9% in the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Guggenheim increased their price target on Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a report on Friday, September 13th. The Goldman Sachs Group reduced their target price on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Truist Financial reiterated a “hold” rating and set a $215.00 price target on shares of Tesla in a research note on Wednesday, August 14th. TD Cowen raised their price objective on shares of Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $120.00 target price on shares of Tesla in a research report on Monday, July 1st. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.60.

Tesla Stock Down 2.3 %

Shares of NASDAQ TSLA opened at $238.25 on Monday. The firm’s 50 day moving average price is $221.30 and its 200 day moving average price is $196.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The firm has a market cap of $759.83 billion, a P/E ratio of 60.78, a price-to-earnings-growth ratio of 6.00 and a beta of 2.29. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by company 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.