Image from MarketBeat Media, LLC. Key Points Gilder Gagnon Howe & Co. LLC trimmed its Tesla stake by 5.9% in Q2, selling 47,835 shares and now holds 760,459 shares valued at $241.57 million, making TSLA its 9th largest position (2.6% of the portfolio). Significant insider selling occurred recently: director Kimbal Musk sold 56,820 shares at an average $450.66 and James R. Murdoch sold 60,000 shares, with insiders offloading 119,457 shares (~$52.14M) over the quarter while still owning 19.90% of the company. Other institutions mostly increased exposure—Vanguard, Geode, Legal & General and Amundi added shares and Norges Bank initiated a large ~$11.84 billion position—while hedge funds own 66.2% of TSLA and MarketBeat's consensus rating is a Hold with a $399.33 target price. MarketBeat Week in Review – 12/8 - 12/12 Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Tesla by 1.8% during 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 acquiring an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. Norges Bank acquired a new position in Tesla during the second quarter worth $11,839,824,000. Legal & General Group Plc boosted its position in Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock worth $6,424,705,000 after purchasing an additional 1,134,678 shares in the last quarter. Finally, Amundi increased its position in shares of Tesla by 20.4% in the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock valued at $6,374,284,000 after buying an additional 3,422,270 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: