Share on Stocktwits Adaptive Financial Consulting LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 675 shares of the electric vehicle producer’s stock, valued at approximately $215,000. Tesla comprises about 0.1% of Adaptive Financial Consulting LLC’s investment portfolio, making the stock its 20th largest holding. Get Tesla alerts: Other institutional investors and hedge funds also recently made changes to their positions in the company. Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% during 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 bought a new position in Tesla in the 2nd quarter worth about $29,000. Evergreen Private Wealth LLC grew its holdings in Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Glynn Capital Management LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $35,000. Finally, Pacific Center for Financial Services grew its position in Tesla by 44.7% during the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Stock Performance TSLA opened at $404.35 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 269.57, a PEG ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a fifty day moving average of $429.67 and a 200 day moving average of $361.33. 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 for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, Director James R. Murdoch sold 120,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the sale, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last three months. Corporate insiders own 19.90% of the company’s stock. Analyst Ratings Changes A number of equities research analysts have recently issued reports on the stock. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Barclays restated a “negative” rating and issued a $350.00 price objective (up previously from $275.00) on shares of Tesla in a research report on Thursday, October 16th. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $320.00 to $548.00 in a research note on Friday, September 19th. Finally, Evercore ISI upped their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $393.61.