Image from MarketBeat Media, LLC. Intech Investment Management LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,510 shares of the electric vehicle producer's stock after buying an additional 47,349 shares during the quarter. Tesla comprises 1.6% of Intech Investment Management LLC's investment portfolio, making the stock its 7th biggest position. Intech Investment Management LLC's holdings in Tesla were worth $170,428,000 as of its most recent SEC filing. Get Tesla alerts: Rivian’s Chart Says Go, But Some Analysts Still Say No Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year. Analyst Ratings Changes TSLA has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. The Goldman Sachs Group lowered their target price on shares of Tesla from $425.00 to $400.00 and set a "neutral" rating on the stock in a research note on Thursday, October 23rd. Guggenheim reissued a "sell" rating and issued a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. TD Cowen upped their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Tesla in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $393.61.