Share on Stocktwits Ameritas Investment Partners Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 0.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 79,425 shares of the electric vehicle producer’s stock after selling 241 shares during the period. Tesla accounts for 0.8% of Ameritas Investment Partners Inc.’s holdings, making the stock its 15th biggest position. Ameritas Investment Partners Inc.’s holdings in Tesla were worth $25,230,000 at the end of the most recent quarter. Get Tesla alerts: A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock worth $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Nuveen LLC purchased a new stake in shares of Tesla during the 1st quarter valued at $3,247,619,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after buying an additional 4,502,976 shares during the last quarter. Finally, Amundi grew 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 buying an additional 3,814,610 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock. Insider Buying and Selling In related news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company’s stock. Analyst Upgrades and Downgrades TSLA has been the topic of a number of research analyst reports. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $320.00 to $548.00 in a research note on Friday, September 19th. William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. Industrial Alliance Securities set a $300.00 price objective on Tesla in a report on Monday, October 13th. Melius initiated coverage on Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 target price on the stock. Finally, HSBC reaffirmed a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $394.31. Check Out Our Latest Analysis on TSLA Tesla Price Performance TSLA stock opened at $391.09 on Monday. The firm has a 50 day moving average of $433.55 and a 200-day moving average of $365.56. The firm has a market capitalization of $1.30 trillion, a P/E ratio of 260.73, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Tesla Company Profile