Share on Stocktwits Clarion Wealth Managment Partners LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,391 shares of the electric vehicle producer’s stock, valued at approximately $442,000. Get Tesla alerts: Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its stake in shares of Tesla by 38.8% in the second quarter. Thompson Davis & CO. Inc. now owns 2,331 shares of the electric vehicle producer’s stock valued at $740,000 after buying an additional 651 shares in the last quarter. Tull Financial Group Inc. lifted its stake in Tesla by 5.5% in the second quarter. Tull Financial Group Inc. now owns 1,569 shares of the electric vehicle producer’s stock valued at $498,000 after acquiring an additional 82 shares during the last quarter. North Dallas Bank & Trust Co. bought a new position in shares of Tesla in the 2nd quarter valued at about $1,269,000. Coppell Advisory Solutions LLC grew its position in shares of Tesla by 250.2% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 30,587 shares of the electric vehicle producer’s stock valued at $9,899,000 after acquiring an additional 21,853 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Tesla by 20.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 31,426 shares of the electric vehicle producer’s stock worth $9,983,000 after purchasing an additional 5,389 shares during the last quarter. Institutional investors own 66.20% of the company’s stock. Insider Buying and Selling at Tesla In related news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value 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 $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the 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 sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is owned by insiders. Tesla Price Performance Shares of Tesla stock opened at $458.96 on Monday. 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 50-day simple moving average of $435.52 and a two-hundred day simple moving average of $376.42. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 305.97, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87. Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Upgrades and Downgrades TSLA has been the subject of a number of research analyst reports. New Street Research lifted their price target on Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Bank of America lifted their target price on Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $425.00 price target on Tesla and gave the company an “equal weight” rating in a research note on Sunday, December 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Tesla in a report on Thursday, October 23rd. Finally, BNP Paribas increased their price objective on shares of Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $399.33.