ETRADE Capital Management LLC boosted its position in Tata Motors Ltd (NYSE:TTM) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,379 shares of the company’s stock after purchasing an additional 1,753 shares during the period. ETRADE Capital Management LLC’s holdings in Tata Motors were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTM. Wellington Management Group LLP increased its holdings in Tata Motors by 189.9% in the 1st quarter. Wellington Management Group LLP now owns 7,271,482 shares of the company’s stock worth $259,228,000 after purchasing an additional 4,763,259 shares in the last quarter. Morgan Stanley increased its stake in shares of Tata Motors by 65.1% in the first quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock valued at $87,494,000 after buying an additional 968,093 shares during the period. Bank of America Corp DE increased its stake in shares of Tata Motors by 169.4% in the first quarter. Bank of America Corp DE now owns 1,461,331 shares of the company’s stock valued at $52,096,000 after buying an additional 918,944 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Tata Motors in the second quarter valued at about $19,344,000. Finally, BlackRock Inc. increased its stake in shares of Tata Motors by 22.8% in the second quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock valued at $96,451,000 after buying an additional 542,597 shares during the period. 11.90% of the stock is owned by institutional investors and hedge funds.

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Shares of Tata Motors Ltd (TTM) opened at 30.68 on Thursday. Tata Motors Ltd has a 52-week low of $28.97 and a 52-week high of $42.53. The stock has a market capitalization of $20.84 billion, a P/E ratio of 18.88 and a beta of 2.29. The firm has a 50-day moving average price of $30.84 and a 200-day moving average price of $34.01.

Tata Motors (NYSE:TTM) last announced its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. On average, analysts predict that Tata Motors Ltd will post $1.84 EPS for the current year.

Several equities research analysts recently commented on TTM shares. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, July 13th. BidaskClub upgraded Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley lowered Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus upgraded Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.50.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.

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Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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