Share on Stocktwits Baillie Gifford & Co. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,657,487 shares of the electric vehicle producer’s stock after selling 42,629 shares during the quarter. Baillie Gifford & Co.’s holdings in Tesla were worth $737,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Tesla alerts: A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Tesla in the second quarter valued at about $11,839,824,000. Vanguard Group Inc. lifted its position in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the period. Amundi boosted its holdings in Tesla by 20.4% in the 2nd 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. Jennison Associates LLC increased its position in Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after purchasing an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after buying an additional 1,269,304 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research note on Monday, January 5th. TD Cowen restated a “buy” rating on shares of Tesla in a research report on Monday, November 17th. Glj Research reiterated a “sell” rating and issued a $25.28 price target (up previously from $19.05) on shares of Tesla in a report on Wednesday, January 7th. Benchmark reiterated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, Dbs Bank upgraded shares of Tesla to a “hold” rating in a research report on Wednesday, November 5th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $410.77.