Image from MarketBeat Media, LLC. Key Points Staley Capital Advisers boosted its Tesla stake by 46.7% in the fourth quarter, while several other hedge funds also increased holdings; institutional investors now own about 66.2% of TSLA. Tesla reported Q1 earnings of $0.41 per share, topping estimates by $0.02, but revenue of $22.39 billion came in below expectations even though sales rose 15.8% year over year. Analyst sentiment remains mixed: the stock has a consensus “Hold” rating with an average price target of $395.20, and insiders have recently sold shares, including CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson. ';ad_container.style.height='auto';}},3000);TSLA: 3 Reasons the Stock Could Hit $400 in May Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the business earned $0.27 earnings per share. The business's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year. Analysts Set New Price Targets Several equities research analysts have commented on the stock. Truist Financial dropped their price target on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a research note on Thursday, April 2nd. DZ Bank upgraded shares of Tesla from a "sell" rating to a "hold" rating and set a $385.00 price target on the stock in a research note on Friday, April 24th. Wedbush restated an "outperform" rating and issued a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Glj Research restated a "sell" rating on shares of Tesla in a research note on Tuesday, April 21st. Finally, Bank of America assumed coverage on shares of Tesla in a research note on Wednesday, March 4th. They issued a "buy" rating and a $460.00 price target on the stock. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $395.20.