Share on Stocktwits Avaii Wealth Management LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,223 shares of the electric vehicle producer’s stock after selling 2,979 shares during the quarter. Tesla comprises approximately 4.1% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Avaii Wealth Management LLC’s holdings in Tesla were worth $11,343,000 at the end of the most recent reporting period. Get Tesla alerts: Other hedge funds and other institutional investors have also recently modified their holdings of the company. Narwhal Capital Management lifted its holdings in shares of Tesla by 32.8% in the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after purchasing an additional 7,446 shares in the last quarter. Norges Bank acquired a new position in Tesla during the second quarter worth $11,839,824,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Tesla by 8.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after buying an additional 3,935 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after buying an additional 3,724 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Tesla Trading Down 2.8% Shares of Tesla stock opened at $361.83 on Friday. The firm has a market cap of $1.36 trillion, a PE ratio of 335.03, a P/E/G ratio of 11.01 and a beta of 1.89. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The stock has a fifty day moving average price of $408.20 and a 200-day moving average price of $427.78. Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Upgrades and Downgrades TSLA has been the subject of several recent research reports. Mizuho set a $540.00 target price on shares of Tesla and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Tigress Financial started coverage on Tesla in a report on Thursday, February 12th. They set a “buy” rating and a $550.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, January 29th. Canaccord Genuity Group set a $520.00 target price on Tesla in a report on Thursday, January 29th. Finally, Barclays reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, March 4th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $406.84.