Image from MarketBeat Media, LLC. State Street Corp reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,418,687 shares of the electric vehicle producer's stock after selling 308,284 shares during the quarter. Tesla comprises 1.4% of State Street Corp's investment portfolio, making the stock its 9th largest position. State Street Corp owned approximately 3.52% of Tesla worth $36,028,580,000 as of its most recent SEC filing. Get Tesla alerts: 5 Robotics Stocks Catching Momentum After New Policy Tailwinds Other hedge funds and other institutional investors also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new position in Tesla during the 2nd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the 2nd quarter worth about $30,000. ESL Trust Services LLC boosted its stake in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Chelsea Counsel Co. increased its position in shares of Tesla by 59.7% during the first 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. Finally, Evergreen Private Wealth LLC raised its stake in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock worth $35,000 after buying an additional 81 shares in the last quarter. Institutional investors own 66.20% of the company's stock. Analyst Ratings Changes Several research firms have weighed in on TSLA. Bank of America lifted their price objective on Tesla from $341.00 to $471.00 and gave the company a "neutral" rating in a research report on Wednesday, October 29th. Wall Street Zen raised Tesla from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. China Renaissance increased their price objective on Tesla from $349.00 to $380.00 and gave the stock a "hold" rating in a report on Friday, October 24th. William Blair restated a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Finally, Dbs Bank raised shares of Tesla to a "hold" rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus price target of $399.33.