GM Advisory Group Inc. acquired a new stake in Tesla Inc. (NASDAQ:TSLA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 610 shares of the electric vehicle producer’s stock, valued at approximately $221,000.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock worth $6,804,556,000 after acquiring an additional 2,400,034 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock worth $188,630,000 after acquiring an additional 366,400 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock worth $3,792,025,000 after acquiring an additional 336,130 shares during the last quarter. Vanguard Group Inc. lifted its stake in Tesla by 4.9% in the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after acquiring an additional 292,602 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Tesla by 25.9% in the first quarter. TIAA CREF Investment Management LLC now owns 812,857 shares of the electric vehicle producer’s stock worth $226,218,000 after acquiring an additional 167,348 shares during the last quarter. Hedge funds and other institutional investors own 56.63% of the company’s stock.

In other news, Director Kimbal Musk sold 4,690 shares of Tesla stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total value of $1,724,419.20. Following the transaction, the director now owns 166,164 shares in the company, valued at approximately $61,095,179.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Eric Branderiz sold 99 shares of Tesla stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,946 shares of company stock worth $18,481,047. Corporate insiders own 23.10% of the company’s stock.

Several analysts have recently weighed in on the stock. Vetr upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating and set a $374.78 price objective for the company in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $180.00 price objective (down previously from $190.00) on shares of Tesla in a research report on Monday, July 31st. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the company a “neutral” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $314.00 target price on shares of Tesla in a report on Thursday, May 25th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $368.00 target price on shares of Tesla in a report on Thursday, August 3rd. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $314.30.

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Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company earned ($1.06) EPS. The company’s revenue was up 119.6% on a year-over-year basis.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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