Share on Stocktwits Alliance Wealth Advisors LLC UT increased its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 28.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,532 shares of the electric vehicle producer’s stock after acquiring an additional 2,361 shares during the period. Tesla makes up approximately 1.1% of Alliance Wealth Advisors LLC UT’s investment portfolio, making the stock its 18th biggest position. Alliance Wealth Advisors LLC UT’s holdings in Tesla were worth $4,684,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other institutional investors have also recently added to or reduced their stakes in TSLA. Relyea Zuckerberg Hanson LLC raised its position in Tesla by 0.4% in the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after acquiring an additional 23 shares in the last quarter. Equita Financial Network Inc. boosted its position in shares of Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares in the last quarter. VanderPol Investments L.L.C. grew its stake in shares of Tesla by 2.2% in the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC lifted its stake in Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Price Performance Shares of TSLA opened at $411.82 on Friday. The business’s 50-day moving average is $440.65 and its 200-day moving average is $418.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 381.31, a P/E/G ratio of 14.50 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 posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping 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 net margin of 4.00% and a return on equity of 4.86%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Ratings Changes Several research analysts have issued reports on TSLA shares. Benchmark restated a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, January 29th. Evercore increased their price target on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Thursday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. Eighteen equities research analysts have rated the stock with 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $408.09.