Zbi Services L.l.c. adds Tesla Motors Inc (TSLA) to its portfolio

Tesla Motors Inc (TSLA) : Zbi Services L.l.c. added new position in Tesla Motors Inc during the most recent quarter end. The investment management firm now holds 72,100 shares of Tesla Motors Inc which is valued at $16,266,481 , the company said in a statement filed on Aug 15, 2016 with the SEC.Tesla Motors Inc makes up approximately 3.85% of Zbi Services L.l.c.’s portfolio.

Other Hedge Funds, Including , Fred Alger Management Inc boosted its stake in TSLA in the latest quarter, The investment management firm added 362,365 additional shares and now holds a total of 406,222 shares of Tesla Motors Inc which is valued at $91,647,745. Tesla Motors Inc makes up approx 0.46% of Fred Alger Management Inc’s portfolio.Diam Ltd. boosted its stake in TSLA in the latest quarter, The investment management firm added 626 additional shares and now holds a total of 9,317 shares of Tesla Motors Inc which is valued at $2,103,685. Tesla Motors Inc makes up approx 0.03% of Diam Ltd.’s portfolio.Cg Asset Management reduced its stake in TSLA by selling 285 shares or 17.59% in the most recent quarter. The Hedge Fund company now holds 1,335 shares of TSLA which is valued at $305,034. Tesla Motors Inc makes up approx 0.12% of Cg Asset Management’s portfolio. K.j. Harrison Partners Inc added TSLA to its portfolio by purchasing 1,294 company shares during the most recent quarter which is valued at $295,666. Tesla Motors Inc makes up approx 0.15% of K.j. Harrison Partners Inc’s portfolio.

Tesla Motors Inc closed down -11.24 points or -5.30% at $200.77 with 79,43,138 shares getting traded on Thursday. Post opening the session at $209.01, the shares hit an intraday low of $200.5 and an intraday high of $211.0999 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Tesla Motors Inc reported $-1.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.65. The company had revenue of $1562.70 million for the quarter, compared to analysts expectations of $1649.08 million. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.

Many Wall Street Analysts have commented on Tesla Motors Inc. Company shares were Reiterated by FBN Securities on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 275 from a previous price target of $260 .Shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 210 from a previous price target of $220 .Shares were Reiterated by Pacific Crest on Jul 6, 2016 to “Sector Weight” and Lowered the Price Target to $ 190 from a previous price target of $212 .

Tesla Motors Inc. is a United States-based company which designs develops manufactures and sells electric vehicles electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S which is a fully electric four-door five-adult passenger sedan. In addition to developing its own vehicles it develops sells and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes commercial sites and utilities. The applications for these battery systems include backup power peak demand reduction demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car Supercharger charging stations and Powerwall a home battery.

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