Although shares of Tesla Motors Inc (NASDAQ:TSLA) may not have performed as well as other tech giants like Google, Facebook or Amazon, the stock has certainly held its own throughout 2015. After a stellar 2014 in which shares of Tesla Motors Inc (NASDAQ:TSLA) gained more than 50% on the year, the stock had a lot to live up to, and although shares may have underperformed other tech companies this year, the stock seems to be closing 2015 out with a bang.
Not only has the company managed to ship out the first Model X vehicles before the year ends, but they also are looking to hire thousands of new employees to compete with possible newcomers in the space such as Apple and Google/Ford. Shares began the year slowly, eventually hitting a 52-week-low of $181.40 at the end of March before exploding into the summer. The stock reached a high of $286.65 in July, before investors began taking some of their profits off the table. Going into the new year the company has a lot to look forward to. In fact, this weekend we should get additional details on fourth quarter sales, and 2016 should be a big one for the Model X.
The stock is up 1.33% or $3.05 following the news, hitting $232 per share. About 289,892 shares traded hands. TSLA has declined 7.48% since May 26, 2015 and is downtrending. It has underperformed the S&P500 by 5.21%.
From a total of 16 analysts covering Tesla Motors Inc (NASDAQ:TSLA) stock, 8 rate it a “Buy”, 3 a “Sell”, and 5 a “Hold”. This means that 50% of the ratings are positive. The highest target price is $465 while the lowest target price is $180. The mean of all analyst targets is $289.65 which is 24.85% above today’s ($232) stock price. Tesla Motors Inc was the topic of 30 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. JMP Securities initiated shares on December 14 with a “Market Perform” rating. Barclays Capital downgraded shares to a”Underweight” rating and a $180 target share price in their report from an October 9. Evercore maintained TSLA stock in a recent report from November 4 with a “Buy” rating. Robert W. Baird downgraded the rating on October 7. Robert W. Baird has a “Neutral” rating and a $282 price target on shares. Finally, S&P Research upgraded the stock to a “Hold” rating in a report they issued on an October 13.
The institutional sentiment increased to 1.29 in Q2 2015. It’s up 0.01, from 1.28 in 2015Q2. The ratio increased, as 84 funds sold all their Tesla Motors Inc shares they owned while 122 reduced their positions. 66 funds bought stakes while 199 increased their total positions. Institutions now own 76.22 million shares which is 1.63% less than the previous share count of 77.48 million in 2015Q2.
J&P(China)Capital Management Co.Ltd holds 50.38% of its total portfolio in Tesla Motors Inc, equating to 975,058 shares. Andor Capital Management L.L.C. owns 1.00 million shares representing 39.05% of their total US portfolio. Moreover, Zevenbergen Capital Investments Llc has 6.58% of their total portfolio invested in the company, equating to 618,255 shares. The New York-based Long Oar Global Investors Llc has a total of 5.74% of their portfolio invested in the stock. Hhr Asset Management Llc, a New Jersey-based fund reported 488,021 shares owned.
Since April 16, 2015, the stock had 0 buys, and 6 sales for a total of $15.35 million in net activity. Straubel Jeffrey B sold 10,000 shares worth $2.18 million. Ehrenpreis Ira Matthew sold 16,698 shares worth $4.26 million. Ahuja Deepak sold 5,000 shares worth $1.29M. Guillen Jerome M sold 1,500 shares worth $373,291. The insider Reichow Gregory sold 10,000 shares worth $2.40M.
Tesla Motors, Inc. is a United States company, which designs, develops, makes and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The company has a market cap of $30.45 billion. The Firm sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. It currently has negative earnings. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers.