November 28, 2016 - By Vivian Park · 0 Comments
Tesla Motors Inc (NASDAQ:TSLA) institutional sentiment decreased to 0.85 in Q2 2016. Its down -0.50, from 1.35 in 2016Q1. The ratio dived, as 277 investment professionals increased or started new holdings, while 205 decreased and sold stakes in Tesla Motors Inc. The investment professionals in our partner’s database reported: 98.03 million shares, up from 96.07 million shares in 2016Q1. Also, the number of investment professionals holding Tesla Motors Inc in their top 10 holdings was flat from 14 to 14 for the same number . Sold All: 82 Reduced: 123 Increased: 216 New Position: 61.
Tesla Motors, Inc. designs, develops, makes and sells electric vehicles and energy storage products. The company has a market cap of $32.05 billion. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle . It currently has negative earnings. The Firm has delivered over 107,000 Model S vehicles across the world.
About 6,675 shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 21.91% since April 25, 2016 and is downtrending. It has underperformed by 27.92% the S&P500.
Analysts await Tesla Motors Inc (NASDAQ:TSLA) to report earnings on February, 8. They expect $-0.56 EPS, up 56.59% or $0.73 from last year’s $-1.29 per share. After $0.14 actual EPS reported by Tesla Motors Inc for the previous quarter, Wall Street now forecasts -500.00% negative EPS growth.
According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”
J&P(China)Capital Management Co.Ltd holds 64.28% of its portfolio in Tesla Motors Inc for 937,988 shares. Domini Social Investments Llc owns 1,578 shares or 14.35% of their US portfolio. Moreover, Tanaka Capital Management Inc has 7.26% invested in the company for 13,311 shares. The Washington-based Zevenbergen Capital Investments Llc has invested 5.81% in the stock. Baillie Gifford & Co, a United Kingdom-based fund reported 13.07 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 insider sales for $7.26 million net activity.
Ratings analysis reveals 43% of Tesla Motors Inc’s analysts are positive. Out of 21 Wall Street analysts rating Tesla Motors Inc, 9 give it “Buy”, 3 “Sell” rating, while 9 recommend “Hold”. The lowest target is $140 while the high is $500. The stock’s average target of $267.97 is 37.15% above today’s ($195.38) share price. TSLA was included in 54 notes of analysts from July 21, 2015. The company was maintained on Thursday, February 11 by RBC Capital Markets. Goldman Sachs downgraded the shares of TSLA in a report on Thursday, October 6 to “Neutral” rating. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, March 14 report. Argus Research downgraded Tesla Motors Inc (NASDAQ:TSLA) on Tuesday, June 28 to “Hold” rating. The stock of Tesla Motors Inc (NASDAQ:TSLA) has “Sell” rating given on Friday, October 30 by UBS. The firm has “Buy” rating by Argus Research given on Monday, March 21. The company was initiated on Tuesday, October 6 by RBC Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 4 report. On Monday, August 17 the stock rating was downgraded by Vetr to “Strong-Buy”. The company was upgraded on Tuesday, October 13 by S&P Research.
Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.
More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Profitconfidential.com which released: “Tesla Motors Inc: TSLA Stock Bears Owe Elon Musk an Apology” on November 28, 2016, also Fool.com with their article: “Tesla Motors, Inc. Stores Begin Selling Energy Products” published on November 23, 2016, Latimes.com published: “Tesla Motors officially owns SolarCity: Two Elon Musk companies become one” on November 21, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Fool.com and their article: “Shareholders Approve Tesla Motors, Inc. Acquisition of SolarCity” published on November 18, 2016 as well as Fool.com‘s news article titled: “Tesla Motors, Inc. to Acquire German Engineering Company” with publication date: November 08, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park