Image from MarketBeat Media, LLC. Diversify Wealth Management LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,088 shares of the electric vehicle producer's stock after selling 2,263 shares during the quarter. Diversify Wealth Management LLC's holdings in Tesla were worth $4,120,000 at the end of the most recent quarter. Get Tesla alerts: Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Tesla in the 2nd quarter worth $29,000. CoreFirst Bank & Trust purchased a new position in Tesla during the second quarter worth about $30,000. ESL Trust Services LLC lifted its position in Tesla by 1,900.0% in the second 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 during the period. Chelsea Counsel Co. boosted its holdings 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. Finally, Evergreen Private Wealth LLC increased 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 period. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of research firms recently weighed in on TSLA. Industrial Alliance Securities set a $300.00 price target on Tesla in a research note on Monday, October 13th. Wall Street Zen upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Saturday, October 25th. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research report on Thursday, October 30th. Morgan Stanley set a $425.00 price target on shares of Tesla and gave the company an "equal weight" rating in a report on Sunday. Finally, Truist Financial boosted their price objective on shares of Tesla from $280.00 to $406.00 and gave the stock a "hold" rating in a report on Thursday, October 23rd. One equities research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $399.33.