Share on Stocktwits Americana Partners LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 6.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,508 shares of the electric vehicle producer’s stock after selling 484 shares during the quarter. Americana Partners LLC’s holdings in Tesla were worth $2,067,000 as of its most recent filing with the SEC. Get Tesla alerts: Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Illinois Municipal Retirement Fund raised its stake in shares of Tesla by 3.6% during the second quarter. Illinois Municipal Retirement Fund now owns 123,708 shares of the electric vehicle producer’s stock valued at $39,297,000 after purchasing an additional 4,285 shares during the period. Altman Advisors Inc. grew its holdings in Tesla by 0.5% during the 2nd quarter. Altman Advisors Inc. now owns 9,158 shares of the electric vehicle producer’s stock valued at $2,754,000 after purchasing an additional 44 shares in the last quarter. ProShare Advisors LLC increased its stake in Tesla by 6.0% during the 2nd quarter. ProShare Advisors LLC now owns 2,506,451 shares of the electric vehicle producer’s stock worth $796,199,000 after buying an additional 141,295 shares during the period. Profund Advisors LLC lifted its holdings in Tesla by 11.1% in the 2nd quarter. Profund Advisors LLC now owns 153,744 shares of the electric vehicle producer’s stock worth $48,838,000 after buying an additional 15,360 shares in the last quarter. Finally, Summit X LLC boosted its position in Tesla by 1.1% in the 2nd quarter. Summit X LLC now owns 4,609 shares of the electric vehicle producer’s stock valued at $1,464,000 after buying an additional 52 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Tesla Stock Up 3.7% NASDAQ:TSLA opened at $445.23 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $423.19 and a 200-day moving average of $357.59. The firm has a market capitalization of $1.48 trillion, a PE ratio of 296.82, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on TSLA. Barclays reaffirmed a “negative” rating and set a $350.00 target price (up from $275.00) on shares of Tesla in a research report on Thursday, October 16th. JPMorgan Chase & Co. raised their price objective on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Evercore ISI upped their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Tesla in a research note on Thursday, October 23rd. Finally, Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $391.08.