Share on Stocktwits ProShare Advisors LLC reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,082,491 shares of the electric vehicle producer’s stock after selling 423,960 shares during the period. Tesla makes up approximately 1.9% of ProShare Advisors LLC’s portfolio, making the stock its 7th largest position. ProShare Advisors LLC’s holdings in Tesla were worth $926,125,000 at the end of the most recent reporting period. Get Tesla alerts: Several other large investors have also added to or reduced their stakes in the business. Narwhal Capital Management raised its stake in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock valued at $4,232,000 after buying an additional 2,350 shares during the period. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter worth approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey raised its stake in Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after acquiring an additional 22,607 shares during the period. AustralianSuper Pty Ltd lifted its holdings in Tesla by 1,823.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock valued at $21,704,000 after purchasing an additional 64,772 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in Tesla by 20.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 16,565 shares of the electric vehicle producer’s stock worth $7,367,000 after purchasing an additional 2,765 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Stock Performance NASDAQ:TSLA opened at $411.11 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The company has a market cap of $1.54 trillion, a price-to-earnings ratio of 380.66, a PEG ratio of 13.77 and a beta of 1.86. The stock has a fifty day moving average price of $446.45 and a 200-day moving average price of $411.71. Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Tesla’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analyst Weigh In Several brokerages have recently weighed in on TSLA. HSBC reissued a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. New Street Research raised their price objective on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. TD Cowen upped their target price on Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, January 2nd. Finally, iA Financial set a $300.00 price objective on Tesla in a report on Monday, October 13th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $403.92.