Iyo Bank Ltd. Has $478,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Iyo Bank Ltd. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 97.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,720 shares of the electric vehicle producer’s stock after buying an additional 1,340 shares during the quarter. Iyo Bank Ltd.’s holdings in Tesla were worth $478,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wyrmwood Management LLC bought a new position in shares of Tesla during the fourth quarter valued at $25,000. Lam Group Inc. purchased a new stake in Tesla during the 4th quarter valued at approximately $25,000. Mendota Financial Group LLC grew its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla in the 4th quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in shares of Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after purchasing an additional 100 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA traded up $15.13 during trading hours on Wednesday, reaching $246.39. The company’s stock had a trading volume of 164,209,406 shares, compared to its average volume of 97,054,961. The company’s 50-day moving average is $180.89 and its two-hundred day moving average is $190.93. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The firm has a market capitalization of $785.79 billion, a price-to-earnings ratio of 62.16, a P/E/G ratio of 4.91 and a beta of 2.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. On average, equities analysts predict that Tesla, Inc. will post 1.86 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup restated a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $175.00 target price on shares of Tesla in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Wednesday, April 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Tesla in a report on Monday. Finally, Barclays decreased their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $189.47.

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.