Share on Stocktwits China Universal Asset Management Co. Ltd. reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 17.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 44,569 shares of the electric vehicle producer’s stock after selling 9,479 shares during the period. Tesla accounts for 1.3% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 13th biggest position. China Universal Asset Management Co. Ltd.’s holdings in Tesla were worth $14,158,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: Other institutional investors and hedge funds have also recently modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter valued at approximately $26,000. Chelsea Counsel Co. lifted its position in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in Tesla in the 2nd quarter worth $29,000. CoreFirst Bank & Trust acquired a new position in Tesla during the second quarter worth $30,000. Finally, ESL Trust Services LLC lifted its holdings in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock. Tesla Stock Performance NASDAQ:TSLA opened at $458.96 on Monday. The company’s 50-day moving average is $435.52 and its two-hundred day moving average is $376.42. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 305.97, a PEG ratio of 15.50 and a beta of 1.87. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analyst Weigh In A number of analysts have recently commented on TSLA shares. Roth Capital set a $505.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Truist Financial boosted their price objective on Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Melius assumed coverage on Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 price target on the stock. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $320.00 to $548.00 in a report on Friday, September 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $399.33.