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

PayPay Securities Corp decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138 shares of the electric vehicle producer’s stock after selling 139 shares during the quarter. Tesla comprises approximately 1.7% of PayPay Securities Corp’s investment portfolio, making the stock its 15th largest position. PayPay Securities Corp’s holdings in Tesla were worth $34,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wyrmwood Management LLC bought a new stake in shares of Tesla in the 4th quarter valued at $25,000. Lam Group Inc. bought a new stake in shares of Tesla in the 4th quarter valued at $25,000. Alpha Paradigm Partners LLC bought a new stake in shares of Tesla in the 3rd quarter valued at $27,000. MayTech Global Investments LLC acquired a new stake in Tesla in the 4th quarter valued at $30,000. Finally, Perkins Coie Trust Co grew its position in Tesla by 72.0% in the 3rd quarter. Perkins Coie Trust Co now owns 129 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 54 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TSLA. Wedbush reduced their price target on shares of Tesla from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Tesla from $200.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, April 2nd. Piper Sandler reduced their price target on shares of Tesla from $225.00 to $205.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $298.00 price objective on shares of Tesla in a report on Wednesday, March 27th. Ten investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $198.81.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,706 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $194.73, for a total value of $18,247,369.38. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,920,950. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total value of $2,143,785.00. Following the completion of the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 over the last quarter. 20.90% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $0.30 during midday trading on Wednesday, hitting $157.41. 56,449,337 shares of the company’s stock were exchanged, compared to its average volume of 101,525,750. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05. The company has a market cap of $501.32 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 4.25 and a beta of 2.39. The business’s fifty day moving average price is $180.88 and its two-hundred day moving average price is $213.04.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS 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 business had revenue of $25.17 billion for the quarter, compared to analysts’ expectations of $25.64 billion. During the same period in the previous year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts forecast 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.