Share on Stocktwits Federated Hermes Inc. lowered its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 20.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 255,417 shares of the electric vehicle producer’s stock after selling 65,293 shares during the quarter. Federated Hermes Inc.’s holdings in Tesla were worth $81,136,000 as of its most recent SEC filing. Get Tesla alerts: Several other institutional investors also recently bought and sold shares of the business. Gabelli Funds LLC purchased a new position in shares of Tesla in the 2nd quarter valued at $213,000. Gamco Investors INC. ET AL boosted its position in Tesla by 10.2% during the second quarter. Gamco Investors INC. ET AL now owns 25,130 shares of the electric vehicle producer’s stock valued at $7,983,000 after purchasing an additional 2,326 shares in the last quarter. Rockport Wealth LLC purchased a new position in Tesla in the second quarter valued at about $324,000. Cary Street Partners Investment Advisory LLC raised its holdings in Tesla by 17.8% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 3,350 shares of the electric vehicle producer’s stock worth $1,064,000 after purchasing an additional 505 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its position in shares of Tesla by 3.0% during the second quarter. Bosun Asset Management LLC now owns 7,251 shares of the electric vehicle producer’s stock valued at $2,303,000 after buying an additional 212 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets TSLA has been the subject of several recent analyst reports. Cantor Fitzgerald set a $510.00 price objective on shares of Tesla and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Tesla in a research report on Thursday, October 23rd. HSBC reiterated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Evercore ISI boosted their target price on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $399.33.