SBI Securities Co. Ltd. Invests in Tesla, Inc. (NASDAQ:TSLA)

SBI Securities Co. Ltd. has recently acquired a significant stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter of the year. According to the firm’s 13F filing with the Securities and Exchange Commission (SEC), SBI purchased a total of 299,117 shares of Tesla, amounting to an investment of approximately $120,795,000. This new stake represents 3.7% of SBI's total holdings, making Tesla its fifth largest holding.

Institutional Investor Trends

Several other institutional investors have also made adjustments to their positions in Tesla. For example, Transcendent Capital Group LLC established a new position in Tesla during the third quarter, valued at about $29,000. Similarly, Peterson Financial Group Inc. acquired a new stake in Tesla worth approximately $35,000 in the same quarter. In the fourth quarter, Farmers & Merchants Trust Co of Chambersburg PA invested about $46,000 into Tesla, while PayPay Securities Corp increased its stake by 130.2% during the same period. Following an additional purchase of 69 shares, PayPay now owns 122 shares valued at $49,000. Finally, Finley Financial LLC also bought shares of Tesla worth around $64,000. Overall, institutional investors hold about 66.20% of Tesla’s stock.

Recent Analyst Ratings

Tesla has been a popular topic among analysts recently, leading to a variety of research reports. Benchmark initiated coverage on Tesla, providing a "buy" rating and setting a target price of $475.00 for the stock. Roth MKM upgraded Tesla from a "neutral" to a "buy" rating, raising its price target from $85.00 to $380.00. Needham & Company LLC maintained a "hold" rating on Tesla, while Deutsche Bank increased its target from $295.00 to $370.00, offering a "buy" rating in a recent report. Additionally, Jefferies Financial Group raised its price objective from $195.00 to $300.00 with a "hold" rating. Currently, ten analysts have given Tesla a