Share on Stocktwits Generali Asset Management SPA SGR boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 234,856 shares of the electric vehicle producer’s stock after purchasing an additional 5,196 shares during the quarter. Tesla makes up 2.2% of Generali Asset Management SPA SGR’s portfolio, making the stock its 5th biggest holding. Generali Asset Management SPA SGR’s holdings in Tesla were worth $104,445,000 at the end of the most recent quarter. Get Tesla alerts: A number of other hedge funds have also made changes to their positions in TSLA. Norges Bank acquired a new stake in Tesla in the 2nd quarter valued at about $11,839,824,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Tesla by 581,880.5% in the second 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 purchasing an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Amundi increased its stake in shares of Tesla by 20.4% during the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after purchasing an additional 3,422,270 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Tesla during the 1st quarter worth approximately $469,339,000. Hedge funds and other institutional investors own 66.20% of the company’s stock. Tesla Trading Down 2.6% NASDAQ TSLA opened at $438.07 on Friday. The company has a market cap of $1.46 trillion, a P/E ratio of 292.05, a P/E/G ratio of 7.00 and a beta of 1.83. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. 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 company has a 50-day moving average of $445.77 and a 200-day moving average of $391.34. Tesla (NASDAQ:TSLA – Get Free Report) last released 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 firm 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%. Tesla’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Analyst Ratings Changes A number of equities research analysts have commented on the company. Evercore ISI increased 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. BNP Paribas increased their price objective on Tesla from $307.00 to $313.00 in a research note on Monday, December 1st. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Tesla in a report on Monday, November 17th. Finally, China Renaissance lifted their price target on shares of Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $414.92.