FUKOKU MUTUAL LIFE INSURANCE Co Has $3.54 Million Holdings in Tesla, Inc. $TSLA

FUKOKU MUTUAL LIFE INSURANCE Co decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,140 shares of the electric vehicle producer’s stock after selling 881 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Tesla were worth $3,539,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its position in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares in the last quarter. GW&K Investment Management LLC boosted its position in Tesla by 4.9% during the first quarter. GW&K Investment Management LLC now owns 1,702 shares of the electric vehicle producer’s stock valued at $441,000 after purchasing an additional 80 shares during the last quarter. Finally, Obermeyer Wealth Partners grew its stake in Tesla by 6.6% in the first quarter. Obermeyer Wealth Partners now owns 1,353 shares of the electric vehicle producer’s stock valued at $351,000 after purchasing an additional 84 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSLA. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. Dbs Bank raised shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. Wedbush reiterated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Wednesday, November 5th. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Bank of America raised their price target on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $394.31.

Tesla Trading Up 0.6%

Shares of NASDAQ:TSLA opened at $403.82 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock’s 50-day moving average is $433.12 and its 200-day moving average is $363.32. The company has a market cap of $1.34 trillion, a P/E ratio of 269.21, a P/E/G ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current 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.