Image from MarketBeat Media, LLC. Montag A & Associates Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 49.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,389 shares of the electric vehicle producer's stock after purchasing an additional 1,128 shares during the period. Montag A & Associates Inc.'s holdings in Tesla were worth $1,077,000 at the end of the most recent reporting period. Get Tesla alerts: Rivian’s Chart Says Go, But Some Analysts Still Say No A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC bought a new position in Tesla in the second quarter valued at about $29,000. Evergreen Private Wealth LLC boosted its holdings in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. Pacific Center for Financial Services increased its position in Tesla by 44.7% in the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer's stock worth $39,000 after purchasing an additional 46 shares during the period. Finally, Maseco LLP bought a new stake in Tesla during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 66.20% of the company's stock. Analysts Set New Price Targets Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. Robert W. Baird raised Tesla from a "neutral" rating to an "outperform" rating and increased their price target for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Canaccord Genuity Group reduced their price target on Tesla from $490.00 to $482.00 and set a "buy" rating on the stock in a research report on Thursday, October 23rd. Finally, UBS Group reaffirmed a "sell" rating on shares of Tesla in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and eleven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $391.08.