Share on Stocktwits RWQ Financial Management Services Inc. reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,485 shares of the electric vehicle producer’s stock after selling 17,230 shares during the quarter. Tesla makes up 6.7% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 7th largest position. RWQ Financial Management Services Inc.’s holdings in Tesla were worth $15,336,000 as of its most recent SEC filing. Get Tesla alerts: A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Relyea Zuckerberg Hanson LLC raised its position in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock worth $2,916,000 after purchasing an additional 23 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in Tesla by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock valued at $1,387,000 after buying an additional 25 shares during the last quarter. KRS Capital Management LLC increased its position in Tesla by 1.2% during the third quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer’s stock worth $905,000 after buying an additional 25 shares in the last quarter. DecisionMap Wealth Management LLC increased its position in Tesla by 1.0% during the third quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer’s stock worth $1,126,000 after buying an additional 25 shares in the last quarter. Finally, Lakeridge Wealth Management LLC raised its holdings in shares of Tesla by 1.0% in the third quarter. Lakeridge Wealth Management LLC now owns 2,585 shares of the electric vehicle producer’s stock worth $1,149,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Analysts Set New Price Targets TSLA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Tesla from $470.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 19th. TD Cowen upped their target price on shares of Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Morgan Stanley set a $425.00 price target on shares of Tesla and gave the stock an “equal weight” rating in a report on Sunday, December 7th. BNP Paribas Exane initiated coverage on shares of Tesla in a research report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price objective for the company. Finally, HSBC reissued a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $408.54.