Gilder Gagnon Howe & Co. LLC boosted its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 24.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 808,661 shares of the electric vehicle producer’s stock after buying an additional 157,425 shares during the period. Tesla Motors accounts for approximately 3.4% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 4th largest position. Gilder Gagnon Howe & Co. LLC owned approximately 0.60% of Tesla Motors worth $171,663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Lourd Capital LLC boosted its position in Tesla Motors by 40.3% in the second quarter. Lourd Capital LLC now owns 1,602 shares of the electric vehicle producer’s stock valued at $340,000 after buying an additional 460 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in Tesla Motors by 66.4% in the second quarter. Ausdal Financial Partners Inc. now owns 1,509 shares of the electric vehicle producer’s stock valued at $320,000 after buying an additional 602 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in Tesla Motors during the second quarter valued at approximately $845,000. Gerber Kawasaki Wealth & Investment Management boosted its position in Tesla Motors by 6.8% in the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 27,097 shares of the electric vehicle producer’s stock valued at $5,752,000 after buying an additional 1,724 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in Tesla Motors by 56.1% in the second quarter. Proficio Capital Partners LLC now owns 501 shares of the electric vehicle producer’s stock valued at $116,000 after buying an additional 180 shares in the last quarter. 66.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Tesla Motors Inc. (NASDAQ:TSLA) traded up 0.66% during midday trading on Wednesday, reaching $200.41. 2,173,155 shares of the company’s stock were exchanged. The company’s market cap is $29.80 billion. The stock’s 50 day moving average price is $202.69 and its 200 day moving average price is $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 released its quarterly earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted ($0.48) earnings per share. Tesla Motors’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities analysts anticipate that Tesla Motors Inc. will post ($0.93) earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Robert W. Baird reissued an “outperform” rating and set a $338.00 target price on shares of Tesla Motors in a research report on Thursday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $245.00 price target on shares of Tesla Motors in a report on Thursday, October 13th. Zacks Investment Research cut shares of Tesla Motors from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Vetr raised shares of Tesla Motors from a “hold” rating to a “buy” rating and set a $211.43 price target on the stock in a report on Wednesday, October 12th. Finally, Barclays PLC set a $165.00 price target on shares of Tesla Motors and gave the stock a “sell” rating in a report on Monday, October 10th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target 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.

5 Day Chart for NASDAQ:TSLA

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