Share on Stocktwits BNP Paribas reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 56.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,445 shares of the electric vehicle producer’s stock after selling 1,899 shares during the quarter. BNP Paribas’ holdings in Tesla were worth $459,000 as of its most recent filing with the SEC. Get Tesla alerts: Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Norges Bank purchased a new position in Tesla in the second quarter valued at about $11,839,824,000. Kingstone Capital Partners Texas LLC grew its holdings in Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after buying an additional 6,435,598 shares during the period. Vanguard Group Inc. increased its position in Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Amundi raised its position in shares of Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after buying an additional 3,814,610 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Tesla during the 1st quarter worth about $469,339,000. Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Trading Down 1.0% NASDAQ TSLA opened at $446.83 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a 50-day simple moving average of $434.93 and a 200-day simple moving average of $375.36. The firm has a market capitalization of $1.49 trillion, a PE ratio of 297.89, a price-to-earnings-growth ratio of 15.21 and a beta of 1.87. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share 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 firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year. Insider Transactions at Tesla In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on 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 sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 119,457 shares of company stock worth $52,137,945. 19.90% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth Several analysts recently issued reports on TSLA shares. The Goldman Sachs Group lowered their price target on Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. UBS Group reissued a “sell” rating on shares of Tesla in a research report on Friday, November 7th. Cantor Fitzgerald set a $510.00 target price on Tesla and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $320.00 to $548.00 in a research note on Friday, September 19th. Finally, Roth Capital set a $505.00 price target on Tesla and gave the company a “buy” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $399.33.