Share on Stocktwits Fountainhead AM LLC grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 16.7% in the third quarter, HoldingsChannel reports. The fund owned 16,739 shares of the electric vehicle producer’s stock after acquiring an additional 2,396 shares during the quarter. Tesla accounts for about 1.0% of Fountainhead AM LLC’s portfolio, making the stock its 21st largest position. Fountainhead AM LLC’s holdings in Tesla were worth $7,444,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter worth approximately $11,839,824,000. Kingstone Capital Partners Texas LLC increased its holdings in Tesla by 581,880.5% in 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 in the last quarter. Vanguard Group Inc. raised its position in Tesla by 1.8% during the second 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 during the period. Amundi lifted its holdings in Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after purchasing an additional 1,269,304 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Tesla In other news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the sale, the director directly owned 577,031 shares of the company’s stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 119,457 shares of company stock worth $53,501,145. Insiders own 19.90% of the company’s stock. Wall Street Analyst Weigh In TSLA has been the subject of several research analyst reports. Morgan Stanley set a $425.00 price target on shares of Tesla and gave the stock an “equal weight” rating in a research report on Sunday, December 7th. New Street Research increased their target price on Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. reissued a “sell” rating on shares of Tesla in a research note on Monday. Finally, CICC Research raised their price objective on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $408.36. View Our Latest Stock Analysis on TSLA Tesla News Roundup