Hedge Funds Weigh In On Tesla Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Tesla by 0.4% in the third quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock valued at $112,241,237,000 after purchasing an additional 995,623 shares during the period. State Street Corp boosted its position in Tesla by 0.3% in the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock valued at $50,592,614,000 after buying an additional 344,162 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after buying an additional 1,269,304 shares during the period. Capital World Investors raised its position in Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the last quarter. Finally, Norges Bank acquired a new stake in Tesla during the 2nd quarter valued at approximately $11,839,824,000. 66.20% of the stock is owned by institutional investors and hedge funds. Tesla Price Performance The firm has a market capitalization of $1.61 trillion, a PE ratio of 323.71, a P/E/G ratio of 12.35 and a beta of 1.87. The firm’s fifty day moving average price is $442.16 and its 200 day moving average price is $383.92. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year. Tesla Company Profile