Share on Stocktwits Alliancebernstein L.P. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 0.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,140,830 shares of the electric vehicle producer’s stock after selling 1,195 shares during the quarter. Alliancebernstein L.P.’s holdings in Tesla were worth $997,716,000 at the end of the most recent reporting period. Get Tesla alerts: Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Tesla in the second quarter worth approximately $11,839,824,000. Kingstone Capital Partners Texas LLC grew its position in Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after acquiring an additional 6,435,598 shares during the last quarter. Vanguard Group Inc. increased its stake in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares during the period. Amundi lifted its position in Tesla by 29.4% in the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Tesla during the first quarter valued at approximately $469,339,000. Institutional investors own 66.20% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms recently commented on TSLA. Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Tesla in a report on Thursday, October 23rd. Industrial Alliance Securities set a $300.00 price objective on shares of Tesla in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Benchmark restated a “buy” rating on shares of Tesla in a report on Thursday, October 23rd. Finally, UBS Group reiterated a “sell” rating on shares of Tesla in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $399.33.