LMR Partners LLP acquired a new position in shares of Tesla Motors Inc. (NASDAQ:TSLA) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,281 shares of the electric vehicle producer’s stock, valued at approximately $2,182,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Aperio Group LLC increased its position in Tesla Motors by 23.1% in the first quarter. Aperio Group LLC now owns 21,506 shares of the electric vehicle producer’s stock worth $4,941,000 after buying an additional 4,040 shares during the period. Nisa Investment Advisors L.L.C. increased its position in Tesla Motors by 5.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 3,700 shares of the electric vehicle producer’s stock worth $850,000 after buying an additional 200 shares during the period. Virginia Retirement System bought a new position in Tesla Motors during the first quarter worth approximately $366,000. Teachers Advisors Inc. increased its position in Tesla Motors by 4.9% in the first quarter. Teachers Advisors Inc. now owns 208,865 shares of the electric vehicle producer’s stock worth $47,991,000 after buying an additional 9,669 shares during the period. Finally, BlackRock Japan Co. Ltd increased its position in Tesla Motors by 1.5% in the first quarter. BlackRock Japan Co. Ltd now owns 121,847 shares of the electric vehicle producer’s stock worth $27,997,000 after buying an additional 1,796 shares during the period. Hedge funds and other institutional investors own 66.62% of the company’s stock.
Shares of Tesla Motors Inc. (NASDAQ:TSLA) traded down 3.58% during midday trading on Thursday, hitting $201.00. 4,698,138 shares of the stock traded hands. The stock has a 50 day moving average of $208.65 and a 200 day moving average of $222.16. The company’s market capitalization is $29.89 billion. Tesla Motors Inc. has a 1-year low of $141.05 and a 1-year high of $269.34.
Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned ($0.48) EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts predict that Tesla Motors Inc. will post ($0.93) earnings per share for the current fiscal year.
A number of research analysts have commented on TSLA shares. Zacks Investment Research downgraded shares of Tesla Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Piper Jaffray Cos. initiated coverage on shares of Tesla Motors in a report on Thursday, June 9th. They set a “neutral” rating and a $223.00 target price on the stock. Pacific Crest reissued a “hold” rating and set a $212.00 target price on shares of Tesla Motors in a report on Monday, June 13th. Global Equities Research reissued a “buy” rating and set a $385.00 target price on shares of Tesla Motors in a report on Monday, June 13th. Finally, Oppenheimer Holdings Inc. cut shares of Tesla Motors from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $264.75 to $195.00 in a report on Wednesday, June 22nd. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Tesla Motors has a consensus rating of “Hold” and a consensus price target of $246.38.
Tesla Motors Company Profile
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Motors Inc. (NASDAQ:TSLA).
Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.