Tesla Motors, Inc. (TSLA) performance during the last one year upgraded 74 percent, while its year to date (YTD) performance showed a positive trend of 60.7 percent. Blackrock Japan has invested 0.11% of its portfolio in Tesla Inc (NASDAQ:TSLA). The institutional investor owned 161,276 shares of the electric vehicle producer’s stock after acquiring an additional 159,005 shares during the quarter.
TSLA has been the subject of a number of other reports. Berenberg Bank raised Tesla from a hold rating to a buy rating and raised their price target for the stock from $193.00 to $464.00 in a research note on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a research report on Tuesday, June 20th. The Price to Sales (P/S) ratio of the stock is 5.65, while P/B (Price to Book) stands at 11.11. (NYSE:V), 27 have Buy rating, 0 Sell and 5 Hold. The firm has “Buy” rating by Goldman Sachs given on Wednesday, May 18. The Stock now has a Weekly Volatility of 2.29% and Monthly Volatility of 2.39%.
Tesla Motors, Inc. has been given an analysts’ mean target of 317.29.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The company’s market cap is $57.31 billion. (NYSE:CLF) stock price started the day at $8.40 and moved between $7.82 – 8.43 to finally close at $7.96.
Tesla Motors, Inc. (TSLA)’s RSI (Relative strength index) is at 46.89, its ATR (Average True Range) value is 9.34, while its Beta factor was calculated at 1.04. Company fiscal year is ending in December and analysts’ consensus recommendation is Outperform for AMC and estimated EPS for next quarter is $ -0.27. Net profit margin of the company was recorded at -7.6 percent, operating profit margin was -6.7 percent, while gross profit margin stands at 23.9 percent. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned ($1.06) EPS. Tesla’s quarterly revenue was up 119.6% on a year-over-year basis. On average, equities analysts expect that Tesla Inc. will post ($6.26) EPS for the current year. The firm has “Overweight” rating given on Tuesday, September 22 by Morgan Stanley.
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Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. Following the transaction, the director now directly owns 5,600 shares in the company, valued at $1,424,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Musk Kimbal sold $789,182 worth of stock. The shares were sold at an average price of $190.82, for a total transaction of $6,379,112.60. The disclosure for this sale can be found here. Insiders have sold 45,309 shares of company stock worth $9,113,575 over the last three months. Foundry Partners Llc owns 214,220 shares or 0.05% of their U.S. portfolio. Institutional investors and hedge funds own 56.76% of the company’s stock. Inc. raised its position in Tesla by 152.0% in the 2nd quarter. WMS Partners LLC now owns 1,310 shares of the electric vehicle producer’s stock worth $278,000 after buying an additional 25 shares in the last quarter. Canada Pension Plan Investment Board now owns 17,702 shares of the electric vehicle producer’s stock worth $4,926,000 after buying an additional 16,088 shares during the last quarter. IA ADV bought a new position in Tesla in the 2nd quarter worth approximately $259,000.
Whittier Trust Co, which manages about $2.35 billion US Long portfolio, decreased its stake in Activision Blizzard Inc Com (NASDAQ:ATVI) by 120,665 shares to 132,054 shares, valued at $4.77M in 2016Q4, according to the filing. First Trust Advisors LP now owns 72,665 shares of the electric vehicle producer’s stock worth $20,223,000 after buying an additional 15,476 shares during the last quarter. Finally, Mission Wealth Management LLC increased its position in Tesla Motors by 0.7% in the second quarter. The Wedgewood Partners Inc holds 3.25 million shares with $253.83M value, up from 3.21M last quarter.