Macquarie Group Ltd. boosted its stake in Tesla Motors Inc. (NASDAQ:TSLA) by 70.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,476 shares of the electric vehicle producer’s stock after buying an additional 26,656 shares during the period. Macquarie Group Ltd.’s holdings in Tesla Motors were worth $13,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC increased its stake in Tesla Motors by 24.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 808,661 shares of the electric vehicle producer’s stock valued at $171,663,000 after buying an additional 157,425 shares during the last quarter. Baillie Gifford & Co. increased its stake in Tesla Motors by 9.5% in the second quarter. Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer’s stock valued at $2,773,818,000 after buying an additional 1,137,759 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tesla Motors by 3.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,750 shares of the electric vehicle producer’s stock valued at $12,047,000 after buying an additional 1,987 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in Tesla Motors by 0.7% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 155,275 shares of the electric vehicle producer’s stock valued at $32,962,000 after buying an additional 1,067 shares during the last quarter. Finally, Goodwin Daniel L bought a new stake in Tesla Motors during the second quarter valued at $318,000. 60.93% of the stock is owned by hedge funds and other institutional investors.

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

Tesla Motors Inc. (NASDAQ:TSLA) traded down 0.700% during trading on Wednesday, reaching $188.243. 1,953,673 shares of the company’s stock traded hands. The company has a 50 day moving average price of $194.22 and a 200-day moving average price of $210.21. The company’s market cap is $28.22 billion. 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 results on Wednesday, October 26th. The electric vehicle producer reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company posted ($0.58) EPS. The business’s revenue for the quarter was up 145.3% on a year-over-year basis. On average, equities research analysts forecast that Tesla Motors Inc. will post ($2.04) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Tesla Motors Inc. (TSLA) Shares Bought by Macquarie Group Ltd.” was first posted by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this story can be read at http://www.financial-market-news.com/tesla-motors-inc-tsla-shares-bought-by-macquarie-group-ltd/1210780/.

Several research firms recently weighed in on TSLA. Robert W. Baird set a $338.00 price target on Tesla Motors and gave the stock a “buy” rating in a research note on Saturday, November 19th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Tesla Motors in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and set a $245.00 target price on shares of Tesla Motors in a research note on Wednesday, August 3rd. Global Equities Research reiterated a “buy” rating and set a $385.00 target price on shares of Tesla Motors in a research note on Thursday, October 27th. Finally, Pacific Crest reiterated a “hold” rating on shares of Tesla Motors in a research note on Thursday, October 27th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $250.38.

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

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.