Image from MarketBeat Media, LLC. Federated Hermes Inc. lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,417 shares of the electric vehicle producer's stock after selling 65,293 shares during the quarter. Federated Hermes Inc.'s holdings in Tesla were worth $81,136,000 at the end of the most recent reporting period. Get Tesla alerts: 3 Signs Tesla Is Starting December on the Front Foot Several other institutional investors also recently bought and sold shares of the stock. Holos Integrated Wealth LLC increased its holdings in shares of Tesla by 10.8% in the second quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer's stock worth $102,000 after purchasing an additional 30 shares during the last quarter. First Merchants Corp grew its holdings in 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 buying an additional 31 shares in the last quarter. Kaye Capital Management increased its stake in Tesla by 3.1% in the 2nd quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer's stock worth $333,000 after acquiring an additional 31 shares during the last quarter. Spectrum Wealth Advisory Group LLC raised its holdings in shares of Tesla by 3.4% during the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer's stock worth $299,000 after acquiring an additional 31 shares in the last quarter. Finally, Wambolt & Associates LLC grew its holdings in shares of Tesla by 1.0% in the second quarter. Wambolt & Associates LLC now owns 3,119 shares of the electric vehicle producer's stock valued at $938,000 after purchasing an additional 31 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Tesla from $483.00 to $508.00 and gave the company a "buy" rating in a research note on Monday, November 17th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Thursday, October 23rd. Benchmark reaffirmed a "buy" rating on shares of Tesla in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the stock an "overweight" rating in a research note on Thursday, October 23rd. Finally, BNP Paribas Exane assumed coverage on Tesla in a research note on Thursday, October 16th. They issued an "underperform" rating and a $307.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $399.33.