Tesla Motors Inc. (TSLA) Shares Bought by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management raised its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 27,097 shares of the electric vehicle producer’s stock after buying an additional 1,724 shares during the period. Tesla Motors accounts for about 3.6% of Gerber Kawasaki Wealth & Investment Management’s portfolio, making the stock its 9th largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Tesla Motors were worth $5,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Natixis acquired a new position in Tesla Motors during the first quarter valued at about $710,000. Legal & General Group Plc raised its position in Tesla Motors by 4.1% in the first quarter. Legal & General Group Plc now owns 350,424 shares of the electric vehicle producer’s stock valued at $80,517,000 after buying an additional 13,687 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Tesla Motors during the first quarter valued at about $2,688,000. National Pension Service raised its position in Tesla Motors by 4.2% in the first quarter. National Pension Service now owns 54,760 shares of the electric vehicle producer’s stock valued at $12,582,000 after buying an additional 2,190 shares during the period. Finally, Bloom Tree Partners LLC acquired a new position in Tesla Motors during the first quarter valued at about $59,515,000. Hedge funds and other institutional investors own 66.62% of the company’s stock.

Institutional Ownership by Quarter for Tesla Motors (NASDAQ:TSLA)

Tesla Motors Inc. (NASDAQ:TSLA) traded down 1.01% during trading on Monday, reaching $194.53. 3,544,630 shares of the company’s stock were exchanged. Tesla Motors Inc. has a 52-week low of $141.05 and a 52-week high of $269.34. The stock’s 50 day moving average price is $203.90 and its 200 day moving average price is $220.74. The firm’s market cap is $28.93 billion.

Tesla Motors (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.55. The firm earned $1.56 billion during the quarter, compared to analyst estimates of $1.67 billion. Tesla Motors had a negative net margin of 24.64% and a negative return on equity of 46.30%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.48) EPS. Equities research analysts anticipate that Tesla Motors Inc. will post ($0.93) EPS for the current fiscal year.

Several research firms have weighed in on TSLA. Robert W. Baird reiterated a “buy” rating and set a $338.00 price objective on shares of Tesla Motors in a research report on Monday, August 1st. Vetr cut shares of Tesla Motors from a “hold” rating to a “sell” rating and set a $227.49 price objective on the stock. in a research report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Tesla Motors in a research report on Friday, August 5th. RBC Capital Markets set a $210.00 price objective on shares of Tesla Motors and gave the stock a “hold” rating in a research report on Thursday, July 21st. Finally, Barclays PLC set a $165.00 price objective on shares of Tesla Motors and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $246.30.

About Tesla Motors

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.

5 Day Chart for NASDAQ:TSLA

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