Share on Stocktwits Chris Bulman Inc raised its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 38.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,455 shares of the electric vehicle producer’s stock after acquiring an additional 1,524 shares during the period. Tesla comprises about 1.2% of Chris Bulman Inc’s investment portfolio, making the stock its 23rd largest position. Chris Bulman Inc’s holdings in Tesla were worth $2,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Tesla alerts: A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Norges Bank bought a new position in Tesla during the 2nd quarter valued at about $11,839,824,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tesla by 1.8% in the second 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 boosted its holdings in shares of Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after acquiring an additional 3,422,270 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Tesla in the 1st quarter worth approximately $469,339,000. 66.20% of the stock is owned by institutional investors. Insider Activity In other 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 completion of the transaction, the director directly 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 available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were 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 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. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth TSLA has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price objective on Tesla from $482.00 to $551.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. Barclays restated a “neutral” rating and issued a $350.00 target price on shares of Tesla in a research note on Monday, December 1st. Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. China Renaissance increased their price objective on shares of Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Finally, HSBC restated a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $414.50. Read Our Latest Report on TSLA Tesla Stock Performance Shares of Tesla stock opened at $449.72 on Friday. The firm has a fifty day moving average of $445.68 and a two-hundred day moving average of $390.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 299.81, a PEG ratio of 11.36 and a beta of 1.83. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Trending Headlines about Tesla