Image from MarketBeat Media, LLC. Allianz SE increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,959 shares of the electric vehicle producer's stock after purchasing an additional 3,849 shares during the period. Tesla accounts for about 0.8% of Allianz SE's holdings, making the stock its 23rd biggest holding. Allianz SE's holdings in Tesla were worth $33,659,000 as of its most recent filing with the Securities and Exchange Commission. Get Tesla alerts: Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. First Merchants Corp lifted its stake in shares of Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after acquiring an additional 31 shares in the last quarter. Alaska Wealth Advisors grew its stake in Tesla by 3.4% during the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. KWB Wealth increased its holdings in Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after purchasing an additional 33 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in shares of Tesla by 3.6% in the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after purchasing an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its position in shares of Tesla by 0.7% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Analyst Upgrades and Downgrades TSLA has been the subject of a number of recent analyst reports. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Glj Research reissued a "sell" rating on shares of Tesla in a report on Wednesday, October 22nd. CICC Research boosted their target price on shares of Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Roth Capital set a $505.00 price target on shares of Tesla and gave the stock a "buy" rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus set a $483.00 price target on Tesla and gave the stock a "buy" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $391.08.