Share on Stocktwits Abbot Financial Management Inc. lowered its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 40.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,805 shares of the electric vehicle producer’s stock after selling 1,239 shares during the period. Abbot Financial Management Inc.’s holdings in Tesla were worth $803,000 as of its most recent SEC filing. Get Tesla alerts: Other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC grew its position in shares of Tesla by 0.4% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after buying an additional 23 shares during the period. Equita Financial Network Inc. boosted its stake in Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after acquiring an additional 23 shares in the last quarter. VanderPol Investments L.L.C. grew its holdings in Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after purchasing an additional 23 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Tesla by 0.3% during the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after purchasing an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC lifted its holdings in shares of Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors. Tesla Trading Up 2.4% Shares of TSLA stock opened at $409.38 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 379.06, a P/E/G ratio of 14.13 and a beta of 1.86. The firm’s 50 day moving average is $437.53 and its 200 day moving average is $420.08. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Wall Street Analysts Forecast Growth Several analysts recently weighed in on TSLA shares. Truist Financial cut their price target on Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. Phillip Securities cut their target price on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Morgan Stanley set a $415.00 price target on Tesla and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. President Capital dropped their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $408.09.