Commerzbank Aktiengesellschaft increased its stake in Tesla Mtrs Inc (TSLA) by 23.6% based on its latest 2016Q3 regulatory filing with the SEC. Commerzbank Aktiengesellschaft bought 36,879 shares as the company’s stock declined 5.76% while stock markets rallied. The institutional investor held 193,176 shares of the capital goods company at the end of 2016Q3, valued at $39.41 million, up from 156,297 at the end of the previous reported quarter. Commerzbank Aktiengesellschaft who had been investing in Tesla Mtrs Inc for a number of months, seems to be bullish on the $36.76B market cap company. The stock is down 0.11% or $0.25 hitting $229.62, despite the positive news. About 3.05M shares traded hands. Tesla Motors Inc (NASDAQ:TSLA) has declined 1.06% since June 7, 2016 and is downtrending. It has underperformed by 8.49% the S&P500.
Commerzbank Aktiengesellschaft, which manages about $6.21B US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLF) by 7.92M shares to 281,038 shares, valued at $5.42M in 2016Q3, according to the filing. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 27,130 shares in the quarter, leaving it with 57,511 shares, and cut its stake in Hartford Finl Svcs Group Inc (NYSE:HIG).
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q3. Its down 0.50, from 1.35 in 2016Q2. The ratio worsened, as 84 funds sold all TSLA shares owned while 158 reduced positions. 51 funds bought stakes while 155 increased positions. They now own 90.47 million shares or 7.71% less from 98.03 million shares in 2016Q2. Aqr Mngmt Limited Liability Company holds 0% or 3,541 shares in its portfolio. Mizuho Securities Usa has invested 0.43% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA). Diam Limited accumulated 0.03% or 10,169 shares. Cupps Cap Management Ltd Limited Liability Company holds 0.06% of its portfolio in Tesla Motors Inc (NASDAQ:TSLA) for 664 shares. Parametric Port Associate Lc owns 66,972 shares or 0.02% of their US portfolio. Dimensional Fund Advsrs Limited Partnership reported 76,814 shares or 0.01% of all its holdings. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0.01% in Tesla Motors Inc (NASDAQ:TSLA). The Massachusetts-based Winslow Evans & Crocker has invested 0% in Tesla Motors Inc (NASDAQ:TSLA). Carroll Fincl Assocs holds 321 shares or 0.01% of its portfolio. Delta Asset Mgmt Ltd Liability Co Tn has 25 shares for 0% of their US portfolio. The British Columbia – Canada-based Connor Clark And Lunn Invest Mngmt Limited has invested 0.01% in Tesla Motors Inc (NASDAQ:TSLA). Glenmede Trust Na last reported 4,556 shares in the company. The Australia-based Macquarie Gru Limited has invested 0.02% in Tesla Motors Inc (NASDAQ:TSLA). Henderson Gp Public Limited Co accumulated 60,934 shares or 0.09% of the stock. Gardner Lewis Asset Mngmt LP reported 9,088 shares or 0.15% of all its holdings.
Insider Transactions: Since November 1, 2016, the stock had 0 buys, and 4 insider sales for $7.47 million net activity. Shares for $532,244 were sold by Musk Kimbal. $6.38 million worth of Tesla Motors Inc (NASDAQ:TSLA) was sold by Straubel Jeffrey B on Tuesday, November 22. $11,323 worth of shares were sold by Jurvetson Stephen T on Wednesday, December 14.
More notable recent Tesla Motors Inc (NASDAQ:TSLA) news were published by: Investorplace.com which released: “Take Tesla Motors Inc (TSLA) Stock on a Bullish Test Drive” on January 11, 2017, also Fool.com with their article: “Tesla Motors, Inc. Shows Off Over-the-Air Updates and Fleet Learning” published on January 09, 2017, Fool.com published: “Why Tesla Motors, Inc. Stock Soared in December” on January 05, 2017. More interesting news about Tesla Motors Inc (NASDAQ:TSLA) were released by: Nasdaq.com and their article: “Commit To Purchase Tesla Motors At $60, Earn 6.3% Using Options” published on January 10, 2017 as well as Fool.com‘s news article titled: “Tesla Motors, Inc. to Announce Vehicle Deliveries Next Week” with publication date: December 29, 2016.
According to Zacks Investment Research, “Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.”
Tesla Motors Inc (NASDAQ:TSLA) Ratings Coverage
Out of 22 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 10 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 45% are positive. Tesla Motors Inc has been the topic of 55 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, July 21 by UBS. The rating was initiated by JMP Securities on Monday, December 14 with “Market Perform”. Global Equities Research maintained the shares of TSLA in a report on Thursday, September 3 with “Buy” rating. Dougherty & Company reinitiated the stock with “Buy” rating in Monday, May 9 report. The firm has “Hold” rating given on Friday, June 24 by Standpoint Research. As per Friday, August 7, the company rating was maintained by Dougherty & Company. The company was downgraded on Thursday, October 6 by Goldman Sachs. The stock has “Underweight” rating given by Barclays Capital on Friday, October 9. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 4. The firm has “Overweight” rating given on Friday, August 28 by Global Equities Research.
TSLA Company Profile
Tesla Motors, Inc., incorporated on July 1, 2003, designs, develops, makes and sells electric vehicles and energy storage products. The Firm produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Firm has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. The Company’s energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Firm delivers energy storage products products under the Tesla Energy brand. It makes its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. It is using battery packs manufactured at the Gigafactory for its energy storage products.
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