Image from MarketBeat Media, LLC. Virtue Capital Management LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,765 shares of the electric vehicle producer's stock after selling 2,058 shares during the quarter. Virtue Capital Management LLC's holdings in Tesla were worth $2,149,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla Just Got Called a “Must Own” Stock—Here’s Why Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Merchants Corp increased its stake in shares of 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 acquiring an additional 31 shares during the last quarter. Kaye Capital Management grew its holdings in shares of Tesla by 3.1% in the second quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer's stock valued at $333,000 after purchasing an additional 31 shares during the period. Spectrum Wealth Advisory Group LLC increased its position in Tesla by 3.4% during the second quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer's stock worth $299,000 after purchasing an additional 31 shares during the last quarter. Wambolt & Associates LLC raised its stake in Tesla by 1.0% during the second quarter. Wambolt & Associates LLC now owns 3,119 shares of the electric vehicle producer's stock worth $938,000 after purchasing an additional 31 shares during the period. Finally, Alaska Wealth Advisors boosted 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 valued at $313,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Buying and Selling In related news, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company's stock, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,606 shares of company stock valued at $33,554,102 in the last ninety days. Company insiders own 19.90% of the company's stock. Wall Street Analysts Forecast Growth