FUKOKU MUTUAL LIFE INSURANCE Co Has $4.89 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,101 shares of the electric vehicle producer’s stock after selling 6,121 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Tesla were worth $4,887,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new stake in Tesla during the third quarter worth approximately $29,000. Peterson Financial Group Inc. bought a new stake in shares of Tesla during the third quarter valued at approximately $35,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Tesla during the fourth quarter valued at approximately $46,000. PayPay Securities Corp increased its holdings in shares of Tesla by 130.2% during the fourth quarter. PayPay Securities Corp now owns 122 shares of the electric vehicle producer’s stock valued at $49,000 after acquiring an additional 69 shares in the last quarter. Finally, Finley Financial LLC bought a new stake in shares of Tesla during the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSLA. Wells Fargo & Company boosted their price objective on Tesla from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price objective for the company in a report on Monday, January 6th. StockNews.com downgraded Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. The Goldman Sachs Group restated a “cautious” rating on shares of Tesla in a report on Monday, February 10th. Finally, Mizuho reiterated an “outperform” rating and set a $515.00 price target on shares of Tesla in a report on Thursday, January 30th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $318.77.

Tesla Stock Up 4.0 %

Shares of NASDAQ TSLA opened at $293.33 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business’s fifty day moving average price is $385.35 and its 200-day moving average price is $316.70. The stock has a market capitalization of $943.49 billion, a PE ratio of 143.79, a P/E/G ratio of 5.86 and a beta of 2.34.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the sale, the director now directly owns 1,463,220 shares in the company, valued at $538,274,741.40. This trade represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 523,386 shares of company stock valued at $195,995,200. Corporate insiders own 20.70% of the company’s stock.

About Tesla

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.