Key Points Envestnet Asset Management Inc. has reduced its holdings in Tesla by 8.8%, selling 111,945 shares during the second quarter and now owns approximately $367 million worth of shares. Insider transactions include Director James R. Murdoch selling 60,000 shares for over $25 million, and Tesla's CFO selling 2,606 shares, indicating a trend of selling among company executives. Several analysts have adjusted their price targets for Tesla, with Truist Financial raising its target from $280 to $406, while Royal Bank of Canada set a target at $500, reflecting mixed sentiment among analysts. MarketBeat Week in Review – 10/20 - 10/24 Several other hedge funds have also made changes to their positions in TSLA. Vanguard Group Inc. grew its position in Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after acquiring an additional 3,694,524 shares during the period. Goldman Sachs Group Inc. grew its position in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Charles Schwab Investment Management Inc. grew its position in Tesla by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after acquiring an additional 849,091 shares during the period. Amundi grew its position in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Tesla by 17.6% in the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock worth $3,832,047,000 after buying an additional 2,211,300 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: