Daiwa Securities Group Inc. cut its stake in shares of Tesla Inc (NASDAQ:TSLA) by 99.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,408 shares of the electric vehicle producer’s stock after selling 7,499,886 shares during the period. Daiwa Securities Group Inc.’s holdings in Tesla were worth $6,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Ark Investment Management LLC lifted its stake in Tesla by 67.0% in the second quarter. Ark Investment Management LLC now owns 37,836 shares of the electric vehicle producer’s stock valued at $13,682,000 after acquiring an additional 15,186 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tesla by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 100,312 shares of the electric vehicle producer’s stock valued at $36,274,000 after acquiring an additional 1,522 shares during the last quarter. QS Investors LLC lifted its stake in Tesla by 46.4% in the second quarter. QS Investors LLC now owns 625 shares of the electric vehicle producer’s stock valued at $226,000 after acquiring an additional 198 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Tesla by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 6,203 shares of the electric vehicle producer’s stock valued at $2,244,000 after acquiring an additional 388 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in Tesla in the second quarter valued at approximately $796,000. 57.35% of the stock is currently owned by hedge funds and other institutional investors.

TSLA has been the subject of a number of analyst reports. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 target price for the company in a research note on Thursday, November 2nd. Global Equities Research reiterated a “buy” rating and issued a $485.00 target price on shares of Tesla in a research note on Wednesday, November 29th. Jefferies Group cut shares of Tesla from an “in-line” rating to an “underperform” rating and reduced their target price for the company from $312.00 to $240.00 in a research note on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Tesla in a research note on Friday, November 10th. Finally, BidaskClub upgraded shares of Tesla from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 12th. Twelve research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $322.45.

In related news, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the transaction, the director now directly owns 154,589 shares in the company, valued at approximately $48,244,135.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Eric Branderiz sold 801 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $354.58, for a total transaction of $284,018.58. Following the transaction, the vice president now owns 1,287 shares of the company’s stock, valued at $456,344.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,231 shares of company stock valued at $3,292,431. Corporate insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (NASDAQ TSLA) opened at $310.42 on Monday. The firm has a market cap of $52,170.00, a price-to-earnings ratio of -26.33 and a beta of 0.97. Tesla Inc has a one year low of $242.01 and a one year high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. The firm had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.69) EPS. research analysts anticipate that Tesla Inc will post -6.87 EPS for the current fiscal year.

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Tesla Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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