November 25, 2016 - By Dolores Ford
In view of the deal Jeffrey Straubel made he is in the insider trades focus today. The Chief Technical Officer of Tesla Motors Inc and an insider, made a sale of 33,430 shares worth $6,379,088 U.S. Dollars. The average price was $190.8 per share. Obviously, the sell raised questions, as Mr. Jeffrey at the moment owns 334,878 shares, accounting for 0.22% of the company’s total market cap.
Out of 21 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 9 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 43% are positive. $500 is the highest target while $140 is the lowest. The $267.97 average target is 36.27% above today’s ($196.65) stock price. Tesla Motors Inc has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. JP Morgan maintained Tesla Motors Inc (NASDAQ:TSLA) on Tuesday, April 19 with “Underweight” rating. The firm has “Overweight” rating given on Tuesday, September 22 by Morgan Stanley. The firm has “Hold” rating by Standpoint Research given on Friday, June 24. The rating was upgraded by Vetr to “Buy” on Monday, August 24. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”. Deutsche Bank maintained Tesla Motors Inc (NASDAQ:TSLA) rating on Tuesday, August 4. Deutsche Bank has “Hold” rating and $280 price target. On Thursday, October 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. On Sunday, August 16 the stock rating was maintained by Global Equities Research with “Overweight”. Piper Jaffray initiated Tesla Motors Inc (NASDAQ:TSLA) on Friday, June 10 with “Neutral” rating. The rating was maintained by Global Equities Research on Thursday, September 3 with “Buy”.
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.50, from 1.35 in 2016Q1. The ratio fall, as 82 funds sold all Tesla Motors Inc shares owned while 123 reduced positions. 61 funds bought stakes while 216 increased positions. They now own 98.03 million shares or 2.04% more from 96.07 million shares in 2016Q1.
National Bank Of New York Mellon holds 0.05% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 819,816 shares. Artal Grp Sa accumulated 75,000 shares or 0.33% of the stock. Aqr Cap Management Ltd has invested 0% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Ims Cap Mngmt reported 2,237 shares or 0.56% of all its holdings. Cidel Asset owns 7,980 shares or 0.1% of their US portfolio. Seven Eight Cap Ltd Llc holds 0% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 20 shares. The Pennsylvania-based Vantage Investment Advisors Ltd Company has invested 0.09% in Tesla Motors Inc (NASDAQ:TSLA). Moreover, Northeast Invest Mgmt has 0.02% invested in Tesla Motors Inc (NASDAQ:TSLA) for 1,167 shares. Cg Asset Management Limited Liability, a New York-based fund reported 1,335 shares. Goodwin Daniel L holds 0.1% or 1,500 shares in its portfolio. The California-based Van Hulzen Asset Mgmt Limited Com has invested 1.03% in Tesla Motors Inc (NASDAQ:TSLA). Equitec Proprietary Mkts Ltd last reported 4,400 shares in the company. Kcg Hldg, a New Jersey-based fund reported 4,247 shares. Arrow Fincl Corporation has 0.49% invested in the company for 8,782 shares. Moreover, Nomura Holding has 0.05% invested in Tesla Motors Inc (NASDAQ:TSLA) for 68,439 shares.
Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 3 sales for $883,263 net activity. On Monday, June 13 the insider Musk Kimbal sold $103,211. $230,916 worth of Tesla Motors Inc (NASDAQ:TSLA) was sold by FIELD JOHN DOUGLAS.
The stock increased 1.82% or $3.51 during the last trading session, hitting $196.65. About 2.36 million shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 23.89% since April 22, 2016 and is downtrending. It has underperformed by 29.30% the S&P500.
Tesla Motors, Inc. designs, develops, makes and sells electric vehicles and energy storage products. The company has a market cap of $32.00 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.
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.”
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.
More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Fool.com which released: “Tesla Motors, Inc. Stores Begin Selling Energy Products” on November 23, 2016, also Profitconfidential.com with their article: “TSLA Stock: This Is Huge For The Fans of Tesla Motors Inc” published on November 23, 2016, Fool.com published: “Shareholders Approve Tesla Motors, Inc. Acquisition of SolarCity” on November 18, 2016. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Fool.com and their article: “Tesla Motors, Inc. to Acquire German Engineering Company” published on November 08, 2016 as well as Investorplace.com‘s news article titled: “Tesla Motors Inc (TSLA) Finally Snags SolarCity — Get Ready for the Heartbreak” with publication date: November 22, 2016.
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.
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By Dolores Ford