Mizuho Markets Americas LLC Has $198.86 Million Holdings in Tesla, Inc. $TSLA

Mizuho Markets Americas LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 155.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 472,800 shares of the electric vehicle producer’s stock after purchasing an additional 287,800 shares during the quarter. Tesla accounts for about 3.1% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 5th largest holding. Mizuho Markets Americas LLC’s holdings in Tesla were worth $198,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marks Group Wealth Management Inc grew its position in shares of Tesla by 1.7% during the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after buying an additional 25 shares during the last quarter. Clear Trail Advisors LLC lifted its holdings in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after acquiring an additional 25 shares during the last quarter. Peirce Capital Management LLC lifted its holdings in Tesla by 1.5% in the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after acquiring an additional 25 shares during the last quarter. Brio Consultants LLC boosted its stake in Tesla by 4.7% in the fourth quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock valued at $259,000 after acquiring an additional 26 shares during the period. Finally, Community Bank & Trust Waco Texas boosted its stake in Tesla by 1.7% in the fourth quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock valued at $711,000 after acquiring an additional 26 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Down 1.3%

Shares of TSLA stock opened at $345.82 on Thursday. The stock has a 50-day simple moving average of $362.28 and a 200 day simple moving average of $385.80. The stock has a market capitalization of $1.37 trillion, a P/E ratio of 320.21, a P/E/G ratio of 17.68 and a beta of 1.83. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the firm posted $0.33 earnings per share. Tesla’s revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSLA. Truist Financial set a $370.00 price target on Tesla and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on Tesla and gave the stock a “hold” rating in a research note on Monday, July 13th. Piper Sandler dropped their target price on Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $401.74.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada increased Tesla’s permitted Las Vegas robotaxi fleet from 10 vehicles to 5,000, providing regulatory support for the company’s autonomous-driving strategy. However, Tesla still must deploy and operate the expanded fleet successfully. Nevada robotaxi approval
• Positive Sentiment: Elon Musk teased a larger Tesla vehicle, potentially an SUV or Robovan, addressing a product gap in family-oriented vehicles and potentially expanding the company’s addressable market. Tesla Robovan teaser

Tesla Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.