Share on Stocktwits Arvest Bank Trust Division boosted its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 16.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,856 shares of the electric vehicle producer’s stock after purchasing an additional 411 shares during the quarter. Arvest Bank Trust Division’s holdings in Tesla were worth $907,000 at the end of the most recent reporting period. Get Tesla alerts: Several other large investors have also made changes to their positions in the business. First Merchants Corp boosted its stake 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 lifted its holdings in shares of Tesla by 3.4% in the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer’s stock worth $313,000 after buying an additional 32 shares in the last quarter. KWB Wealth boosted 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 acquiring an additional 33 shares during the last quarter. Conrad Siegel Investment Advisors Inc. grew its stake in Tesla by 3.6% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $310,000 after acquiring an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased 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 valued at $1,622,000 after acquiring an additional 34 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. William Blair restated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a research note on Wednesday, October 15th. President Capital increased their target price on Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $393.61.