PayPay Securities Corp Sells 139 Shares of Tesla, Inc. (NASDAQ:TSLA)

PayPay Securities Corp cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138 shares of the electric vehicle producer’s stock after selling 139 shares during the period. Tesla makes up approximately 1.7% of PayPay Securities Corp’s holdings, making the stock its 15th biggest position. PayPay Securities Corp’s holdings in Tesla were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Tesla by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after purchasing an additional 3,453,078 shares during the period. State Street Corp lifted its holdings in shares of Tesla by 0.7% during the 1st quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer’s stock worth $20,680,162,000 after acquiring an additional 685,454 shares during the period. Morgan Stanley lifted its holdings in shares of Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. FMR LLC lifted its holdings in shares of Tesla by 0.9% during the 3rd quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock worth $7,266,572,000 after acquiring an additional 269,182 shares during the period. Finally, Norges Bank bought a new position in shares of Tesla during the 4th quarter worth about $3,459,540,000. 66.20% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders sold 209,098 shares of company stock worth $38,802,534 over the last quarter. 20.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TSLA. Canaccord Genuity Group reduced their price objective on shares of Tesla from $267.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Citigroup dropped their target price on shares of Tesla from $196.00 to $180.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company dropped their target price on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, April 12th. TD Cowen dropped their target price on shares of Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. Finally, Truist Financial dropped their target price on shares of Tesla from $193.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, April 3rd. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $198.81.

Tesla Trading Up 0.2 %

Tesla stock traded up $0.30 during midday trading on Wednesday, hitting $157.41. 56,449,337 shares of the stock were exchanged, compared to its average volume of 101,525,750. The company has a fifty day simple moving average of $180.88 and a two-hundred day simple moving average of $213.04. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29. The stock has a market capitalization of $501.32 billion, a PE ratio of 35.90, a P/E/G ratio of 4.25 and a beta of 2.39. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.98 EPS for the current fiscal year.

Tesla 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.