Image from MarketBeat Media, LLC. Key Points Strategic Financial Concepts LLC reduced its stake in Tesla by 5.9%, owning 20,984 shares after selling 1,324 shares during the 2nd quarter, which represents about 0.9% of its holdings. Notable insider activity included Director James R. Murdoch selling 120,000 shares valued at approximately $42 million, resulting in a 14.69% decrease in his position. Several analysts have recently boosted price targets for Tesla, with TD Cowen setting a new target of $509, reflecting growing confidence in the company's performance. MarketBeat Week in Review – 10/27 - 10/31 Several other institutional investors also recently made changes to their positions in the stock. American Institute for Advanced Investment Management LLP purchased a new stake in shares of Tesla during the 2nd quarter worth $260,000. GHP Investment Advisors Inc. boosted its position in shares of Tesla by 4.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 809 shares of the electric vehicle producer's stock worth $257,000 after purchasing an additional 35 shares in the last quarter. Plato Investment Management Ltd boosted its position in shares of Tesla by 0.8% in the 2nd quarter. Plato Investment Management Ltd now owns 61,096 shares of the electric vehicle producer's stock worth $19,337,000 after buying an additional 510 shares in the last quarter. Frederick Financial Consultants LLC boosted its position in shares of Tesla by 0.9% in the 2nd quarter. Frederick Financial Consultants LLC now owns 4,420 shares of the electric vehicle producer's stock worth $1,404,000 after buying an additional 38 shares in the last quarter. Finally, Navalign LLC boosted its position in shares of Tesla by 15.8% in the 2nd quarter. Navalign LLC now owns 1,303 shares of the electric vehicle producer's stock worth $414,000 after buying an additional 178 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Get Tesla alerts: