Image from MarketBeat Media, LLC. Key Points Palatine Hill Wealth Management LLC opened a new position in Tesla during the fourth quarter, buying 6,395 shares valued at about $2.88 million. Tesla now makes up roughly 2.3% of the firm’s portfolio and ranks as its ninth-largest holding. Institutional ownership in Tesla remains high, with 66.20% of shares held by institutions and hedge funds. Several other firms also modestly increased their Tesla stakes in recent quarters. Analyst sentiment is mixed: the stock currently has a Hold consensus rating with a consensus price target of $395.20. Tesla’s latest earnings beat EPS expectations, but revenue came in below estimates. Wall Street Is Starting to Talk About Tesla's Endgame A number of other institutional investors have also recently added to or reduced their stakes in the business. PFS Partners LLC lifted its stake in Tesla by 4.2% in the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer's stock valued at $265,000 after acquiring an additional 24 shares during the last quarter. Presidio Capital Management LLC lifted its stake in Tesla by 0.6% in the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer's stock valued at $1,777,000 after acquiring an additional 25 shares during the last quarter. Journey Advisory Group LLC lifted its stake in Tesla by 0.7% in the third quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer's stock valued at $1,518,000 after acquiring an additional 25 shares during the last quarter. Boltwood Capital Management lifted its stake in Tesla by 1.2% in the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer's stock valued at $953,000 after acquiring an additional 25 shares during the last quarter. Finally, Woodmont Investment Counsel LLC lifted its stake in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer's stock valued at $955,000 after acquiring an additional 25 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds. Get Tesla alerts: