Share on Stocktwits Neumann Advisory Hong Kong Ltd trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 649,768 shares of the electric vehicle producer’s stock after selling 18,840 shares during the quarter. Tesla accounts for approximately 77.3% of Neumann Advisory Hong Kong Ltd’s investment portfolio, making the stock its largest holding. Neumann Advisory Hong Kong Ltd’s holdings in Tesla were worth $292,214,000 at the end of the most recent reporting period. Get Tesla alerts: Other hedge funds also recently modified their holdings of the company. Narwhal Capital Management increased its stake in shares of 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 in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after buying an additional 7,446 shares during the last quarter. Norges Bank acquired a new position in Tesla during the 2nd quarter worth about $11,839,824,000. China Universal Asset Management Co. Ltd. grew its holdings in Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after acquiring an additional 3,724 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Trading Down 3.2% TSLA opened at $367.96 on Monday. The firm has a 50 day simple moving average of $414.76 and a 200 day simple moving average of $427.84. 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 $1.38 trillion, a price-to-earnings ratio of 340.70, a price-to-earnings-growth ratio of 10.88 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $24.75 billion. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year. Analysts Set New Price Targets A number of equities analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Thursday, January 29th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. Benchmark restated a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Barclays reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, March 4th. Finally, CICC Research increased their price objective on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $406.84.