Share on Stocktwits Factory Mutual Insurance Co. lessened its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 262,550 shares of the electric vehicle producer’s stock after selling 6,850 shares during the period. Tesla makes up approximately 1.2% of Factory Mutual Insurance Co.’s holdings, making the stock its 19th biggest holding. Factory Mutual Insurance Co.’s holdings in Tesla were worth $118,074,000 as of its most recent filing with the SEC. Get Tesla alerts: A number of other institutional investors have also modified their holdings of 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 valued at $2,916,000 after acquiring an additional 23 shares in the last quarter. Equita Financial Network Inc. raised its position in shares of Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after acquiring an additional 23 shares in the last quarter. VanderPol Investments L.L.C. raised its position in shares of Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Tesla by 0.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after acquiring an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC raised its position in shares of Tesla by 1.1% during the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently issued reports on TSLA. Bank of America started coverage on Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target on the stock. President Capital dropped their price objective on shares of Tesla from $500.00 to $424.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Robert W. Baird dropped their price objective on shares of Tesla from $548.00 to $538.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Monday, March 30th. Finally, William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Friday, January 2nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $400.01.