Image from MarketBeat Media, LLC. Mercer Global Advisors Inc. ADV raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,434 shares of the electric vehicle producer's stock after buying an additional 83,262 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Tesla were worth $210,946,000 as of its most recent filing with the Securities and Exchange Commission. Get Tesla alerts: 3 ETFs to Avoid as Oil Shock Hits Markets Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share 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 firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Ratings Changes Several brokerages have recently weighed in on TSLA. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research note on Thursday, January 29th. President Capital dropped their price target on Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. Phillip Securities decreased their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research report on Monday, February 2nd. Bank of America started coverage on Tesla in a research note on Wednesday, March 4th. They issued a "buy" rating and a $460.00 target price on the stock. Finally, Glj Research reissued a "sell" rating on shares of Tesla in a report on Thursday, March 12th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $406.84.