Share on Stocktwits Nisa Investment Advisors LLC reduced its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 6.4% during the third quarter, Holdings Channel reports. The institutional investor owned 543,475 shares of the electric vehicle producer’s stock after selling 37,280 shares during the quarter. Tesla comprises 0.9% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Nisa Investment Advisors LLC’s holdings in Tesla were worth $241,694,000 as of its most recent SEC filing. Get Tesla alerts: A number of other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC boosted its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Tesla by 55.3% during the first quarter. Jones Financial Companies Lllp now owns 239,337 shares of the electric vehicle producer’s stock worth $63,064,000 after acquiring an additional 85,208 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in shares of Tesla during the second quarter valued at about $282,000. Hedge funds and other institutional investors own 66.20% of the company’s stock. Insiders Place Their Bets In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,457 shares of company stock valued at $53,501,145 in the last 90 days. 19.90% of the stock is owned by insiders. Analyst Upgrades and Downgrades A number of analysts recently commented on TSLA shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. TD Cowen boosted their price objective 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 target price on Tesla and gave the company an “equal weight” rating in a research report on Sunday, December 7th. Dbs Bank raised Tesla to a “hold” rating in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus increased their price objective on Tesla from $483.00 to $508.00 and gave the company a “buy” rating in a report on Monday, November 17th. One investment 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 stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $408.54. Read Our Latest Report on TSLA Tesla News Roundup