Proficio Capital Partners LLC increased its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 56.1% during the second quarter, Holdings Channel reports. The institutional investor owned 501 shares of the electric vehicle producer’s stock after buying an additional 180 shares during the period. Proficio Capital Partners LLC’s holdings in Tesla Motors were worth $116,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TSLA. National Pension Service raised its position in shares of Tesla Motors by 4.2% in the first quarter. National Pension Service now owns 54,760 shares of the electric vehicle producer’s stock worth $12,582,000 after buying an additional 2,190 shares during the period. Bloom Tree Partners LLC acquired a new position in shares of Tesla Motors during the first quarter worth $59,515,000. AMP Capital Investors Ltd raised its position in shares of Tesla Motors by 5.2% in the first quarter. AMP Capital Investors Ltd now owns 28,453 shares of the electric vehicle producer’s stock worth $6,456,000 after buying an additional 1,400 shares during the period. Nuveen Asset Management LLC raised its position in shares of Tesla Motors by 96.6% in the first quarter. Nuveen Asset Management LLC now owns 25,914 shares of the electric vehicle producer’s stock worth $5,954,000 after buying an additional 12,735 shares during the period. Finally, Mariner Wealth Advisors LLC raised its position in shares of Tesla Motors by 53.5% in the first quarter. Mariner Wealth Advisors LLC now owns 1,363 shares of the electric vehicle producer’s stock worth $313,000 after buying an additional 475 shares during the period. 66.62% of the stock is owned by hedge funds and other institutional investors.
Tesla Motors Inc. (NASDAQ:TSLA) traded down 1.86% during midday trading on Friday, reaching $196.51. The company’s stock had a trading volume of 4,242,520 shares. Tesla Motors Inc. has a 1-year low of $141.05 and a 1-year high of $269.34. The firm’s market capitalization is $29.22 billion. The stock’s 50-day moving average price is $204.60 and its 200 day moving average price is $220.98.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. Tesla Motors’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.48) EPS. Equities analysts anticipate that Tesla Motors Inc. will post ($0.93) EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. Robert W. Baird set a $338.00 target price on Tesla Motors and gave the stock a “buy” rating in a research report on Wednesday, September 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $242.00 price target on shares of Tesla Motors in a research note on Wednesday, June 22nd. S&P Equity Research upgraded Tesla Motors from a “sell” rating to a “hold” rating and set a $200.00 price target for the company in a research note on Sunday, July 24th. Oppenheimer Holdings Inc. restated a “” rating on shares of Tesla Motors in a research note on Monday, July 25th. Finally, Vetr upgraded Tesla Motors from a “buy” rating to a “strong-buy” rating and set a $230.20 price target for the company in a research note on Wednesday, June 22nd. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $246.30.
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.
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