Share on Stocktwits Grant Private Wealth Management Inc acquired a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,516 shares of the electric vehicle producer’s stock, valued at approximately $5,121,000. Tesla comprises approximately 3.2% of Grant Private Wealth Management Inc’s holdings, making the stock its 6th largest position. Get Tesla alerts: Several other institutional investors have also modified their holdings of the business. Norges Bank purchased a new stake in Tesla during the 2nd quarter worth approximately $11,839,824,000. Kingstone Capital Partners Texas LLC raised its holdings in Tesla by 581,880.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after acquiring an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. boosted its stake in Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Amundi grew its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Tesla in the 1st quarter valued at about $469,339,000. Institutional investors and hedge funds own 66.20% of the company’s stock. Insider Activity at Tesla In other Tesla 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 transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by corporate insiders. Analyst Upgrades and Downgrades TSLA has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday. New Street Research boosted their price objective on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Industrial Alliance Securities set a $300.00 target price on Tesla in a research note on Monday, October 13th. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $400.86. Check Out Our Latest Report on Tesla Tesla Stock Performance Shares of TSLA stock opened at $467.26 on Thursday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $495.28. 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 $1.55 trillion, a price-to-earnings ratio of 311.51, a price-to-earnings-growth ratio of 12.24 and a beta of 1.87. The business has a 50 day simple moving average of $437.67 and a 200 day simple moving average of $378.86. Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly 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 return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Tesla Company Profile