Swiss National Bank increased its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 323,600 shares of the electric vehicle producer’s stock after buying an additional 45,900 shares during the period. Swiss National Bank’s holdings in Tesla Motors were worth $66,024,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSLA. NEXT Financial Group Inc increased its stake in shares of Tesla Motors by 31.0% in the second quarter. NEXT Financial Group Inc now owns 1,053 shares of the electric vehicle producer’s stock valued at $223,000 after buying an additional 249 shares during the period. British Columbia Investment Management Corp increased its stake in shares of Tesla Motors by 4.2% in the second quarter. British Columbia Investment Management Corp now owns 50,633 shares of the electric vehicle producer’s stock valued at $10,748,000 after buying an additional 2,051 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of Tesla Motors by 7.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,446 shares of the electric vehicle producer’s stock valued at $307,000 after buying an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Tesla Motors by 3.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,029 shares of the electric vehicle producer’s stock valued at $1,068,000 after buying an additional 185 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in shares of Tesla Motors by 3.8% in the second quarter. Gateway Investment Advisers LLC now owns 38,663 shares of the electric vehicle producer’s stock valued at $8,207,000 after buying an additional 1,433 shares during the period. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Institutional Ownership by Quarter for Tesla Motors (NASDAQ:TSLA)

Tesla Motors Inc. (NASDAQ:TSLA) opened at 189.40 on Thursday. The firm has a 50-day moving average of $194.21 and a 200-day moving average of $210.21. Tesla Motors Inc. has a 1-year low of $141.05 and a 1-year high of $269.34. The stock’s market capitalization is $28.39 billion.

Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.25. Tesla Motors had a negative net margin of 14.74% and a negative return on equity of 29.17%. The company earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company posted ($0.58) EPS. Tesla Motors’s revenue was up 145.3% on a year-over-year basis. Equities analysts expect that Tesla Motors Inc. will post ($2.04) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Swiss National Bank Increases Position in Tesla Motors Inc. (TSLA)” was originally published by Daily Political and is owned by of Daily Political. If you are reading this news story on another publication, it was copied illegally and republished in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at http://www.dailypolitical.com/2016/12/01/swiss-national-bank-increases-position-in-tesla-motors-inc-tsla.html.

Several equities research analysts have issued reports on TSLA shares. Morgan Stanley restated an “equal weight” rating and set a $245.00 price objective on shares of Tesla Motors in a research report on Wednesday, August 3rd. FBN Securities raised their price objective on shares of Tesla Motors from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Tesla Motors in a report on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $338.00 target price on shares of Tesla Motors in a report on Wednesday, August 10th. Finally, Vetr raised shares of Tesla Motors from a “hold” rating to a “buy” rating and set a $231.82 target price on the stock in a report on Wednesday, August 24th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. Tesla Motors presently has an average rating of “Hold” and a consensus target price of $250.38.

In related news, insider Jeffrey B. Straubel sold 33,430 shares of Tesla Motors stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $190.82, for a total transaction of $6,379,112.60. Following the completion of the transaction, the insider now directly owns 359,655 shares of the company’s stock, valued at approximately $68,629,367.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 2,779 shares of Tesla Motors stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $197.60, for a total transaction of $549,130.40. Following the transaction, the director now directly owns 154,644 shares of the company’s stock, valued at $30,557,654.40. The disclosure for this sale can be found here. Corporate insiders own 27.70% of the company’s stock.

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.

5 Day Chart for NASDAQ:TSLA

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Motors Inc. (NASDAQ:TSLA).

Receive News & Ratings for Tesla Motors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Motors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.