Share on Stocktwits Advisors Capital Management LLC grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,514 shares of the electric vehicle producer’s stock after purchasing an additional 1,524 shares during the period. Advisors Capital Management LLC’s holdings in Tesla were worth $7,152,000 as of its most recent filing with the SEC. Get Tesla alerts: A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock worth $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. Geode Capital Management LLC grew its position in Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Tesla by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer’s stock valued at $4,710,218,000 after purchasing an additional 849,091 shares during the last quarter. Finally, Amundi boosted its stake in Tesla by 29.4% in the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after purchasing an additional 3,814,610 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Insider Activity In other news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 in the last ninety days. 19.90% of the stock is owned by insiders. Analyst Ratings Changes TSLA has been the subject of a number of research reports. Melius initiated coverage on Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 target price for the company. The Goldman Sachs Group lowered their price objective on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. DZ Bank reiterated a “sell” rating on shares of Tesla in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. Finally, Guggenheim reaffirmed a “sell” rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and ten have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $393.61. Get Our Latest Analysis on TSLA Tesla Stock Performance TSLA stock opened at $404.35 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.34 trillion, a P/E ratio of 269.57, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The business’s fifty day moving average is $429.67 and its 200-day moving average is $360.30. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS 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 business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Tesla Company Profile