Share on Stocktwits CMH Wealth Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 44.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,842 shares of the electric vehicle producer’s stock after selling 13,717 shares during the period. Tesla makes up approximately 1.6% of CMH Wealth Management LLC’s portfolio, making the stock its 29th biggest position. CMH Wealth Management LLC’s holdings in Tesla were worth $7,490,000 at the end of the most recent reporting period. Get Tesla alerts: Several other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. Chesley Taft & Associates LLC increased its holdings in shares of Tesla by 0.8% during the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock valued at $1,387,000 after acquiring an additional 25 shares in the last quarter. KRS Capital Management LLC grew its position in Tesla by 1.2% in the 3rd quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer’s stock valued at $905,000 after purchasing an additional 25 shares during the period. DecisionMap Wealth Management LLC increased its stake in Tesla by 1.0% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer’s stock valued at $1,126,000 after purchasing an additional 25 shares in the last quarter. Lakeridge Wealth Management LLC raised its holdings in Tesla by 1.0% during the third quarter. Lakeridge Wealth Management LLC now owns 2,585 shares of the electric vehicle producer’s stock worth $1,149,000 after buying an additional 25 shares during the last quarter. Finally, Intergy Private Wealth LLC lifted its stake in shares of Tesla by 0.9% in the third quarter. Intergy Private Wealth LLC now owns 2,975 shares of the electric vehicle producer’s stock valued at $1,323,000 after buying an additional 27 shares in the last quarter. Institutional investors own 66.20% of the company’s stock. Insider Transactions at Tesla In other news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 19.90% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts have recently commented on TSLA shares. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Melius Research set a $520.00 price objective on Tesla and gave the stock a “buy” rating in a report on Monday, October 13th. Barclays restated a “neutral” rating and issued a $350.00 target price on shares of Tesla in a report on Monday, December 1st. Finally, CICC Research lifted their target price on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $414.92. Get Our Latest Report on TSLA Tesla News Roundup