A number of brokerages have recently issued reports on TSLA. Corporate insiders own 23.10% of the company's stock. APG Asset Management N.V. owned about 0.08% of Tesla worth $49,124,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of TSLA. Candriam Luxembourg S.C.A. increased its position in Tesla by 40.9% in the second quarter. Franklin Resources Inc. now owns 10,293 shares of the electric vehicle producer's stock valued at $2,200,000 after buying an additional 300 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Tesla by 1,213.3% in the first quarter. The firm owned 67,201 shares of the electric vehicle producer's stock after selling 507 shares during the period. Advisory Services Network LLC purchased a new position in Tesla during the first quarter valued at $122,000. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer's stock valued at $145,000 after buying an additional 9 shares during the last quarter. Garde Capital Inc. boosted its position in Tesla by 8.1% in the second quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer's stock valued at $62,082,000 after buying an additional 25,012 shares during the last quarter. Institutional investors own 63.71% of the company's stock.
Tesla Inc shares were trading at $365.20 per share on Monday morning, up $7.33 (+2.05%). (NASDAQ TSLA) opened at 357.87 on Monday. The company traded as high as $350.00 and last traded at $347.09, with a volume of 13,527,354 shares trading hands.
However, he cut his average transaction price for the Model 3 to $50,000 from $60,000. The Market Capitalization of the company stands at 59.31 Billion. (TSLA) now has a value of $357.87 while the company's 52 week low is at $178.19, the shares dropped to the 52 week low on 11/14/16. The electric vehicle producer reported ($1.33) EPS for the quarter, topping the consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The firm's quarterly revenue was up 119.6% on a year-over-year basis. During the same period in the prior year, the company earned ($1.06) EPS.
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TSLA has been the topic of several analyst reports.
Morgan Stanley's (MS - Free Report) Adam Jonas raised his Tesla price target to $317 a share from $305 a share. Finally, Robert W. Baird reiterated an "outperform" rating and set a $411.00 target price (up from $368.00) on shares of Tesla in a research note on Monday.
On 8/08/2017, Argus released a statement on Tesla Motors Inc (NDAQ:TSLA) upped the target price from $0.00 to $444.00 that suggested an upside of 0.21%. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a "sell" rating and issued a $180.00 price objective (down previously from $190.00) on shares of Tesla in a research note on Wednesday, July 5th.
The Morgan Stanley price target was edged up to US$317 from US$305, with the bull case - which assumes everything clicks for the electric vehicle maker - rising to US$526 from US$511. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the stock. Tesla presently has a consensus rating of "Hold" and an average price target of $311.66.
In related news, Director Kimbal Musk sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. Following the completion of the transaction, the director now owns 166,164 shares in the company, valued at $61,095,179.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.