Share on Stocktwits Allstate Corp increased its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1,744.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 105,326 shares of the electric vehicle producer’s stock after acquiring an additional 99,617 shares during the quarter. Tesla accounts for 1.1% of Allstate Corp’s portfolio, making the stock its 20th largest holding. Allstate Corp’s holdings in Tesla were worth $46,841,000 as of its most recent SEC filing. Get Tesla alerts: Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new position in Tesla during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC bought a new position in shares of Tesla in the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC bought a new position in shares of Tesla in the 3rd quarter valued at $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 2nd quarter worth $30,000. Finally, ESL Trust Services LLC lifted its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Trading Up 2.9% TSLA opened at $431.44 on Thursday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. 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 fifty day moving average of $442.96 and a 200-day moving average of $401.85. The stock has a market cap of $1.43 trillion, a PE ratio of 287.63, a price-to-earnings-growth ratio of 7.13 and a beta of 1.83. Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business 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%. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Insider Transactions at Tesla In related news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,457 shares of company stock valued at $53,501,145. Corporate insiders own 19.90% of the company’s stock. More Tesla News