Share on Stocktwits Midwest Trust Co lessened its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,389 shares of the electric vehicle producer’s stock after selling 2,602 shares during the period. Tesla accounts for 1.1% of Midwest Trust Co’s portfolio, making the stock its 17th biggest holding. Midwest Trust Co’s holdings in Tesla were worth $85,115,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Tesla in the 2nd quarter worth $11,839,824,000. Vanguard Group Inc. grew its holdings in Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi raised its position in Tesla by 20.4% in the second 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. Jennison Associates LLC lifted its holdings in Tesla by 38.3% in the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after acquiring an additional 3,021,550 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after purchasing an additional 1,269,304 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors. Tesla Trading Up 1.5% NASDAQ TSLA opened at $417.17 on Tuesday. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The firm’s fifty day simple moving average is $446.19 and its 200-day simple moving average is $412.50. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.57 trillion, a PE ratio of 386.27, a price-to-earnings-growth ratio of 13.77 and a beta of 1.86. Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock valued at $53,501,145 over the last quarter. Insiders own 19.90% of the company’s stock. Trending Headlines about Tesla