Image from MarketBeat Media, LLC. Key Points Acorns Advisers LLC increased its Tesla stake by 14.4% in Q2, buying 3,501 shares to hold 27,844 shares worth $8.845 million, making Tesla its 24th largest position (0.1% of the fund). Norges Bank bought a new Tesla stake in Q2 valued at about $11.84 billion, underscoring heavy institutional interest as roughly 66.20% of Tesla is owned by hedge funds and other institutional investors. Tesla beat the prior quarter's estimates with EPS of $0.50 (vs. $0.48 expected) and revenue of $28.10 billion (vs. $24.98 billion expected); the company has a $1.43 trillion market cap, a P/E of 286.16, and a consensus analyst rating of "Hold" with a $398.92 price target. MarketBeat Week in Review – 11/17 - 11/21 Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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. The business had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth Several equities research analysts have issued reports on TSLA shares. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, October 23rd. Industrial Alliance Securities set a $300.00 price target on Tesla in a report on Monday, October 13th. Melius assumed coverage on Tesla in a research report on Monday, October 13th. They set a "buy" rating and a $520.00 price objective for the company. Barclays reaffirmed a "neutral" rating and issued a $350.00 target price on shares of Tesla in a research report on Monday. Finally, The Goldman Sachs Group dropped their price target on shares of Tesla from $425.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $398.92.