Share on Stocktwits Arrowstreet Capital Limited Partnership cut its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 47.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,202 shares of the electric vehicle producer’s stock after selling 110,260 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Tesla were worth $38,501,000 at the end of the most recent quarter. Get Tesla alerts: Other hedge funds have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. increased its holdings 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 acquiring an additional 40 shares during the period. LGT Financial Advisors LLC acquired a new stake in Tesla during the 2nd quarter worth $29,000. Evergreen Private Wealth LLC grew its position in Tesla by 270.0% during the 2nd 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 acquired a new position in Tesla in the second quarter valued at $35,000. Finally, LSV Asset Management raised its holdings in shares of 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 buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock. Analyst Ratings Changes Several equities analysts recently issued reports on the company. Glj Research restated a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. Truist Financial lifted their target price on Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Stifel Nicolaus upped their price target on Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. The Goldman Sachs Group decreased their price target on Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $398.92.