Share on Stocktwits Allium Financial Advisors LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 51.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,864 shares of the electric vehicle producer’s stock after selling 2,991 shares during the quarter. Tesla comprises about 0.7% of Allium Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Allium Financial Advisors LLC’s holdings in Tesla were worth $910,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LGT Financial Advisors LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at approximately $29,000. Chelsea Counsel Co. increased its stake 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 purchasing an additional 40 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Glynn Capital Management LLC purchased a new stake in Tesla during the second quarter worth $35,000. Finally, LSV Asset Management grew its holdings in Tesla by 400.0% in the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts recently commented on the stock. Dbs Bank upgraded shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. TD Cowen lifted their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Robert W. Baird upgraded shares of 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 report on Friday, September 19th. Canaccord Genuity Group cut their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group lowered their target price on Tesla from $425.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $398.92.