Tesla Inc (NASDAQ:TSLA) Holdings Decreased by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 703,937 shares of the electric vehicle producer’s stock after selling 250,900 shares during the quarter. Tesla accounts for approximately 4.6% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 2nd biggest position. Nikko Asset Management Americas Inc. owned approximately 0.39% of Tesla worth $294,478,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Tesla during the 3rd quarter valued at about $203,000. DNB Asset Management AS raised its holdings in shares of Tesla by 9.0% during the 3rd quarter. DNB Asset Management AS now owns 14,174 shares of the electric vehicle producer’s stock valued at $3,414,000 after buying an additional 1,170 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Tesla by 13.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,115 shares of the electric vehicle producer’s stock valued at $1,713,000 after buying an additional 861 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Tesla by 8.1% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 520 shares of the electric vehicle producer’s stock valued at $125,000 after buying an additional 39 shares during the period. Finally, Zhang Financial LLC purchased a new stake in shares of Tesla during the 3rd quarter valued at about $222,000. Institutional investors and hedge funds own 52.41% of the company’s stock.

In related news, insider Jerome M. Guillen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $329.40, for a total transaction of $658,800.00. Following the completion of the transaction, the insider now owns 10,973 shares in the company, valued at approximately $3,614,506.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $352.32, for a total value of $52,848.00. Following the transaction, the chief financial officer now owns 9,701 shares of the company’s stock, valued at approximately $3,417,856.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,673 shares of company stock valued at $7,425,192. Insiders own 24.40% of the company’s stock.

A number of brokerages have weighed in on TSLA. Needham & Company LLC restated a “sell” rating on shares of Tesla in a research note on Thursday, January 30th. Robert W. Baird raised their price objective on Tesla from $525.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Bank of America raised their price objective on Tesla from $240.00 to $350.00 and gave the company an “underperform” rating in a research note on Wednesday, January 29th. Cowen raised their price objective on Tesla from $190.00 to $210.00 and gave the company an “underperform” rating in a research note on Monday, December 30th. Finally, Argus raised their price objective on Tesla from $556.00 to $808.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Eighteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $427.41.

Shares of TSLA opened at $800.03 on Friday. The stock has a 50 day moving average of $567.77 and a 200-day moving average of $352.98. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. Tesla Inc has a 52 week low of $176.99 and a 52 week high of $968.99.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, January 29th. The electric vehicle producer reported $2.06 EPS for the quarter, topping the consensus estimate of $1.72 by $0.34. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.05 billion. Tesla had a negative return on equity of 13.68% and a negative net margin of 3.51%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 EPS. Analysts expect that Tesla Inc will post 3.28 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Read More: How to calculate compound interest

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Inc (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.