Share on Stocktwits Evergreen Capital Management LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.6% during the second quarter, Holdings Channel reports. The fund owned 34,111 shares of the electric vehicle producer’s stock after buying an additional 2,712 shares during the period. Evergreen Capital Management LLC’s holdings in Tesla were worth $10,836,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other hedge funds have also recently made changes to their positions in the business. Chapman Financial Group LLC purchased a new position in Tesla in the 2nd quarter worth $26,000. Chelsea Counsel Co. increased its holdings in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new stake in Tesla during the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in Tesla during the 2nd quarter worth approximately $30,000. Finally, ESL Trust Services LLC increased its stake in Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. 66.20% of the stock is currently owned by institutional investors. Insider Activity at Tesla In other Tesla news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 119,457 shares of company stock worth $52,137,945 over the last ninety days. 19.90% of the stock is owned by corporate insiders. Analysts Set New Price Targets A number of research firms have recently weighed in on TSLA. Melius Research set a $520.00 price objective on Tesla and gave the company a “buy” rating in a research note on Monday, October 13th. China Renaissance upped their price target on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Cowen reissued a “buy” rating on shares of Tesla in a report on Monday, November 17th. Industrial Alliance Securities set a $300.00 price objective on shares of Tesla in a research note on Monday, October 13th. Finally, Evercore ISI increased their target price on shares of Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $399.33. Check Out Our Latest Research Report on TSLA Tesla Price Performance Shares of NASDAQ TSLA opened at $458.96 on Friday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 305.97, a P/E/G ratio of 15.50 and a beta of 1.87. The company’s 50-day moving average is $435.52 and its 200 day moving average is $376.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same period last year, the business posted $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Tesla Profile