Share on Stocktwits Capital Group Investment Management PTE. LTD. trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,579 shares of the electric vehicle producer’s stock after selling 1,996 shares during the period. Tesla accounts for 4.8% of Capital Group Investment Management PTE. LTD.’s portfolio, making the stock its 4th largest holding. Capital Group Investment Management PTE. LTD.’s holdings in Tesla were worth $29,492,000 as of its most recent filing with the SEC. Get Tesla alerts: A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. State Street Corp grew its stake in shares of Tesla by 0.3% in the 3rd quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after buying an additional 375,946 shares in the last quarter. Capital World Investors grew its stake in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Tesla in the 4th quarter worth $17,128,100,000. 66.20% of the stock is owned by hedge funds and other institutional investors. Tesla Price Performance Tesla stock opened at $391.00 on Friday. Tesla, Inc. has a 12-month low of $281.85 and a 12-month high of $498.83. The firm has a 50-day moving average price of $395.33 and a 200-day moving average price of $416.06. The firm has a market capitalization of $1.47 trillion, a PE ratio of 358.72, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 1.2 EPS for the current year. Analysts Set New Price Targets A number of equities analysts have commented on the stock. BTIG Research cut shares of Tesla to a “neutral” rating in a research note on Friday. Jefferies Financial Group reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. Tigress Financial assumed coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a research note on Friday, April 24th. Finally, BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a report on Friday. Twenty-two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $404.37.