Key Points Securian Asset Management Inc. reduced its holdings in Tesla, Inc. by 1.2%, now owning 146,510 shares valued at approximately $46.54 million, making it the firm's 13th largest holding. A number of large investors, including First Merchants Corp and Alaska Wealth Advisors, have recently increased their stakes in Tesla, indicating ongoing interest in the stock despite some sales by insiders. Analysts have set varying price targets for Tesla, with Bank of America raising its target from $305 to $341, while others set targets as high as $600, reflecting a mixed outlook on the company's future stock performance. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? A number of other large investors also recently bought and sold shares of the business. First Merchants Corp raised 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 purchasing an additional 31 shares during the period. Alaska Wealth Advisors raised its holdings in Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock worth $313,000 after purchasing an additional 32 shares during the period. KWB Wealth raised its holdings in Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after purchasing an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. raised its holdings in Tesla by 3.6% in the 2nd 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 during the period. Finally, Guyasuta Investment Advisors Inc. increased its stake in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock worth $1,622,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: