Key Points Forvis Mazars Wealth Advisors LLC increased its holdings in Tesla by 11.7% during the second quarter, owning 8,387 shares valued at approximately $2.66 million. Major analysts have adjusted their price targets for Tesla, with Bank of America raising its target from $305 to $341 while Royal Bank of Canada set a new target of $500. Insider trading activity includes CFO Vaibhav Taneja selling 2,606 shares at an average price of $352.38, reducing their stake by approximately 20.91%. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Other large investors have also recently made changes to their positions in the company. First Merchants Corp boosted its holdings in Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after buying an additional 31 shares during the period. KWB Wealth grew its position in shares of Tesla by 2.4% during the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after purchasing an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its position in shares of Tesla by 3.6% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after purchasing an additional 34 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in Tesla by 0.7% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock worth $1,622,000 after purchasing an additional 34 shares in the last quarter. Finally, Acorn Creek Capital LLC lifted its holdings in Tesla by 1.6% in the 2nd quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer's stock worth $697,000 after purchasing an additional 34 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Get Tesla alerts: