Share on Stocktwits Bernardo Wealth Planning LLC lessened its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 3,542 shares of the electric vehicle producer’s stock after selling 399 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Tesla were worth $1,125,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter worth $29,000. Chelsea Counsel Co. grew 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 valued at $28,000 after buying an additional 40 shares in the last quarter. Evergreen Private Wealth LLC increased its stake 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 during the period. Glynn Capital Management LLC bought a new stake in shares of Tesla during the 2nd quarter worth about $35,000. Finally, LSV Asset Management boosted its stake in Tesla by 400.0% during the 2nd quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 96 shares in the last quarter. 66.20% of the stock is owned by institutional investors. Tesla Stock Up 0.8% Shares of Tesla stock opened at $430.10 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 286.73, a P/E/G 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. The stock has a 50-day simple moving average of $433.95 and a 200-day simple moving average of $369.19. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly 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. 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 the consensus estimate of $24.98 billion. During the same quarter last year, the firm earned $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity at Tesla In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The shares were 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 in the company, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 82,606 shares of company stock worth $33,554,102. 19.90% of the stock is owned by insiders. Analysts Set New Price Targets Several brokerages have commented on TSLA. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. Canaccord Genuity Group dropped their price target on Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Stifel Nicolaus lifted their price target on Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 23rd. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $394.03.