Share on Stocktwits Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 39,730 shares of the electric vehicle producer’s stock after selling 4,949 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tesla were worth $12,621,000 at the end of the most recent quarter. Get Tesla alerts: Other institutional investors and hedge funds have also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in shares of Tesla in the second quarter valued at approximately $29,000. Chelsea Counsel Co. boosted its position in 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. Evergreen Private Wealth LLC boosted its position in Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares during the period. Glynn Capital Management LLC acquired a new position in shares of Tesla in the second quarter worth $35,000. Finally, LSV Asset Management increased its position in shares of Tesla by 400.0% during the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock. Analyst Upgrades and Downgrades Several research firms recently commented on TSLA. Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. New Street Research lifted their price objective on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Glj Research restated a “sell” rating on shares of Tesla in a research note on Wednesday, October 22nd. Melius Research set a $520.00 target price on shares of Tesla and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Dbs Bank upgraded shares of Tesla to a “hold” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $394.31.