Whittier Trust Co. Has $105,000 Stake in Tesla Motors Inc. (TSLA)
Whittier Trust Co. held its stake in shares of Tesla Motors Inc. (NASDAQ:TSLA) during the second quarter, Holdings Channel reports. The fund owned 496 shares of the electric vehicle producer’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Tesla Motors were worth $105,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of TSLA. Trust Co. of Vermont raised its stake in Tesla Motors by 21.6% in the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer’s stock valued at $114,000 after buying an additional 95 shares in the last quarter. D. Scott Neal Inc. increased its stake in Tesla Motors by 21.3% in the second quarter. D. Scott Neal Inc. now owns 570 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 100 shares during the period. First Manhattan Co. increased its stake in Tesla Motors by 9.3% in the second quarter. First Manhattan Co. now owns 588 shares of the electric vehicle producer’s stock valued at $124,000 after buying an additional 50 shares during the period. Canada Pension Plan Investment Board bought a new stake in Tesla Motors during the first quarter valued at approximately $184,000. Finally, Moore Capital Management LP increased its stake in Tesla Motors by 4,009.1% in the first quarter. Moore Capital Management LP now owns 904 shares of the electric vehicle producer’s stock valued at $208,000 after buying an additional 882 shares during the period. Hedge funds and other institutional investors own 66.62% of the company’s stock.
Shares of Tesla Motors Inc. (NASDAQ:TSLA) traded up 2.65% during midday trading on Tuesday, hitting $199.10. The company had a trading volume of 5,680,475 shares. The company’s market capitalization is $29.60 billion. The company has a 50-day moving average of $202.69 and a 200-day moving average of $220.09. Tesla Motors Inc. has a 12 month low of $141.05 and a 12 month high of $269.34.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm posted ($0.48) earnings per share. Tesla Motors’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts predict that Tesla Motors Inc. will post ($0.93) earnings per share for the current year.
TSLA has been the topic of several analyst reports. Robert W. Baird reissued an “outperform” rating and issued a $338.00 target price on shares of Tesla Motors in a report on Tuesday, July 5th. Morgan Stanley reissued an “equal weight” rating and issued a $245.00 target price on shares of Tesla Motors in a report on Thursday, October 13th. Pacific Crest reissued a “hold” rating on shares of Tesla Motors in a report on Wednesday, September 28th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $240.00 target price on shares of Tesla Motors in a report on Monday, July 25th. Finally, Vetr raised Tesla Motors from a “hold” rating to a “buy” rating and set a $212.01 target price on the stock in a report on Thursday, October 6th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Tesla Motors presently has a consensus rating of “Hold” and an average target price of $246.30.
Tesla Motors Company Profile
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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