Share on Stocktwits AlphaQuest LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 62.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 422 shares of the electric vehicle producer’s stock after acquiring an additional 163 shares during the quarter. AlphaQuest LLC’s holdings in Tesla were worth $134,000 at the end of the most recent reporting period. Get Tesla alerts: Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock worth $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tesla by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer’s stock worth $4,710,218,000 after acquiring an additional 849,091 shares in the last quarter. Amundi boosted its position in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Tesla by 17.6% in the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer’s stock valued at $3,832,047,000 after purchasing an additional 2,211,300 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Stock Down 5.1% Tesla stock opened at $444.26 on Wednesday. The company’s 50-day moving average price is $414.80 and its two-hundred day moving average price is $351.91. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.48 trillion, a P/E ratio of 296.17, a P/E/G ratio of 16.84 and a beta of 2.08. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current year. Analysts Set New Price Targets TSLA has been the subject of several recent analyst reports. Melius began coverage on Tesla in a report on Monday, October 13th. They issued a “buy” rating and a $520.00 price objective for the company. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and increased their price target for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Roth Capital set a $505.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Bank of America upped their target price on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $391.08.