Share on Stocktwits Denali Advisors LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,159 shares of the electric vehicle producer’s stock after selling 8,549 shares during the quarter. Tesla makes up approximately 1.1% of Denali Advisors LLC’s portfolio, making the stock its 10th biggest position. Denali Advisors LLC’s holdings in Tesla were worth $9,855,000 at the end of the most recent quarter. Get Tesla alerts: Other hedge funds have also modified their holdings of the company. Capital Planning Advisors LLC increased its holdings in shares of Tesla by 2.0% in the 3rd quarter. Capital Planning Advisors LLC now owns 4,337 shares of the electric vehicle producer’s stock valued at $1,929,000 after acquiring an additional 85 shares during the period. Generation Capital Management LLC increased its stake in Tesla by 1.7% in the third quarter. Generation Capital Management LLC now owns 2,947 shares of the electric vehicle producer’s stock valued at $1,311,000 after purchasing an additional 50 shares during the period. McMill Wealth Management acquired a new position in Tesla in the third quarter valued at $234,000. Atticus Wealth Management LLC raised its holdings in shares of Tesla by 146.7% in the third quarter. Atticus Wealth Management LLC now owns 5,327 shares of the electric vehicle producer’s stock valued at $2,369,000 after buying an additional 3,168 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Tesla by 23.5% during the third quarter. Pallas Capital Advisors LLC now owns 10,121 shares of the electric vehicle producer’s stock worth $4,501,000 after buying an additional 1,926 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Tesla Stock Performance NASDAQ:TSLA opened at $417.44 on Monday. The firm’s fifty day simple moving average is $444.24 and its 200-day simple moving average is $415.36. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.57 trillion, a PE ratio of 386.52, a price-to-earnings-growth ratio of 14.69 and a beta of 1.86. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm had revenue of $24.90 billion for 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. The firm’s revenue was down 3.1% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Tesla News Roundup