Image from MarketBeat Media, LLC. Pinnacle Financial Group LLC IL bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 688 shares of the electric vehicle producer's stock, valued at approximately $219,000. Get Tesla alerts: These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter Several other institutional investors have also modified their holdings of the stock. Siren L.L.C. acquired a new position in Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC boosted its holdings in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new position in shares of Tesla during the first quarter worth about $594,000. Police & Firemen s Retirement System of New Jersey raised its holdings in Tesla by 5.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock worth $135,688,000 after purchasing an additional 22,607 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Tesla in the first quarter valued at about $205,495,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Wall Street Analyst Weigh In Several equities analysts have issued reports on the company. TD Cowen increased their target price on Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Evercore ISI upped their price objective on Tesla from $235.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, October 29th. Wall Street Zen raised Tesla from a "sell" rating to a "hold" rating in a report on Saturday, October 25th. Dbs Bank upgraded shares of Tesla to a "hold" rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and ten have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $394.31.