Share on Stocktwits Acadian Asset Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 100.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 744,871 shares of the electric vehicle producer’s stock after acquiring an additional 372,586 shares during the period. Acadian Asset Management LLC’s holdings in Tesla were worth $236,596,000 as of its most recent SEC filing. Get Tesla alerts: Other hedge funds and other institutional investors have also modified their holdings of the company. Chelsea Counsel Co. increased its position in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in Tesla in the second quarter worth approximately $29,000. Evergreen Private Wealth LLC raised its position in Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in Tesla in the first quarter valued at approximately $36,000. Finally, Pacific Center for Financial Services grew its position in Tesla by 44.7% in the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock worth $39,000 after acquiring an additional 46 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Tesla Stock Performance TSLA opened at $429.52 on Friday. 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’s 50 day moving average price is $420.97 and its two-hundred day moving average price is $355.54. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 286.35, 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. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 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 analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year. Analysts Set New Price Targets TSLA has been the topic of a number of recent research reports. Melius Research set a $520.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Monday, October 13th. Roth Capital set a $505.00 target price on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, October 23rd. China Renaissance boosted their price target on Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Bank of America increased their price objective on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $483.00 price objective on Tesla and gave the company a “buy” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $391.08.