Share on Stocktwits Geneos Wealth Management Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 40.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,650 shares of the electric vehicle producer’s stock after buying an additional 10,349 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Tesla were worth $11,325,000 as of its most recent SEC filing. Get Tesla alerts: Other large investors have also made changes to their positions in the company. V2 Financial group LLC bought a new stake in shares of Tesla during the 2nd quarter worth $223,000. SPG Advisors LLC bought a new position in shares of Tesla in the second quarter worth about $735,000. Wellington Capital Management Inc. bought a new stake in shares of Tesla during the 2nd quarter valued at approximately $379,000. Second Line Capital LLC lifted its stake in Tesla by 2.1% in the 2nd quarter. Second Line Capital LLC now owns 8,726 shares of the electric vehicle producer’s stock valued at $2,772,000 after purchasing an additional 176 shares during the last quarter. Finally, 1248 Management LLC boosted its position in Tesla by 711.5% in the second quarter. 1248 Management LLC now owns 18,754 shares of the electric vehicle producer’s stock valued at $5,957,000 after buying an additional 16,443 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have recently issued reports on TSLA shares. Melius initiated coverage on shares of Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 price target for the company. Dbs Bank upgraded Tesla to a “hold” rating in a research report on Wednesday, November 5th. New Street Research increased their target price on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $425.00 price target on Tesla and gave the company an “equal weight” rating in a research note on Sunday, December 7th. Finally, Canaccord Genuity Group lowered their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research note 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $399.33.