Filament LLC Sells 225 Shares of Tesla Motors Inc. (TSLA)
Filament LLC reduced its position in Tesla Motors Inc. (NASDAQ:TSLA) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,740 shares of the electric vehicle producer’s stock after selling 225 shares during the period. Tesla Motors accounts for about 0.4% of Filament LLC’s holdings, making the stock its 22nd largest position. Filament LLC’s holdings in Tesla Motors were worth $794,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TSLA. Bloom Tree Partners LLC bought a new position in Tesla Motors during the first quarter worth approximately $59,515,000. Quadrature Capital Ltd acquired a new stake in Tesla Motors during the first quarter valued at about $13,779,000. American Century Companies Inc. raised its stake in Tesla Motors by 8.7% in the second quarter. American Century Companies Inc. now owns 683,673 shares of the electric vehicle producer’s stock valued at $145,130,000 after buying an additional 54,661 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Tesla Motors during the first quarter valued at about $11,489,000. Finally, Rothschild Investment Corp IL acquired a new stake in Tesla Motors during the second quarter valued at about $5,106,000. 66.62% of the stock is owned by hedge funds and other institutional investors.
Tesla Motors Inc. (NASDAQ:TSLA) traded down 0.48% during midday trading on Wednesday, hitting $210.39. The stock had a trading volume of 1,254,359 shares. The firm has a 50-day moving average of $209.08 and a 200 day moving average of $222.26. Tesla Motors Inc. has a 52-week low of $141.05 and a 52-week high of $269.34. The firm’s market capitalization is $31.28 billion.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) earnings per share. On average, equities analysts forecast that Tesla Motors Inc. will post ($0.93) EPS for the current year.
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Tesla Motors in a research note on Saturday, July 9th. Morgan Stanley reissued an “equal weight” rating and set a $245.00 price objective on shares of Tesla Motors in a research note on Wednesday. Pacific Crest reissued a “sector weight” rating on shares of Tesla Motors in a research note on Wednesday, June 22nd. Robert W. Baird reissued an “outperform” rating and set a $338.00 price objective on shares of Tesla Motors in a research note on Wednesday, June 22nd. Finally, Oppenheimer Holdings Inc. lowered Tesla Motors from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $264.75 to $195.00 in a research note on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $248.49.
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.
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