Image from MarketBeat Media, LLC. Key Points Westwood Wealth Management has reduced its stake in Tesla, Inc. by 37.6% in the second quarter, now holding 8,243 shares valued at approximately $2.6 million. Key insiders, including SVP Xiaotong Zhu and CFO Vaibhav Taneja, sold significant amounts of Tesla stock, with Zhu selling 20,000 shares for over $7 million, which reflects a decrease in their positions. Analysts have varying sentiments on Tesla, with price targets ranging from $360 to $548, while the average target price sits at $390.27, indicating a mix of buy and hold ratings. MarketBeat Week in Review – 10/27 - 10/31 Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Merchants Corp increased its holdings in shares of Tesla by 1.3% during the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock valued at $767,000 after purchasing an additional 31 shares in the last quarter. Alaska Wealth Advisors grew its position in Tesla by 3.4% during the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after buying an additional 32 shares during the period. KWB Wealth increased its holdings in Tesla by 2.4% in the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after acquiring an additional 34 shares during the period. Finally, Guyasuta Investment Advisors Inc. boosted its stake in shares of 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 acquiring an additional 34 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Get Tesla alerts: