Image from MarketBeat Media, LLC. Key Points Gerber Kawasaki trimmed its Tesla stake by 5.5% in Q2, selling 12,873 shares to hold 223,046 shares valued at $70.85 million, representing about 2.7% of its portfolio and its ninth-largest holding. Director James R. Murdoch sold 60,000 shares (~$25.36M) and SVP Xiaotong Zhu sold 20,000 shares, with company insiders now owning 19.90% of Tesla stock. Tesla has a $1.51 trillion market cap, roughly 66.2% institutional ownership, and a MarketBeat consensus rating of Hold with a $399.33 price target. 3 Signs Tesla Is Starting December on the Front Foot Several other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC lifted its stake in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of Tesla by 1.8% during the 1st quarter. Entropy Technologies LP now owns 14,605 shares of the electric vehicle producer's stock worth $3,785,000 after buying an additional 252 shares during the period. Finally, Nuveen LLC acquired a new position in Tesla in the 1st quarter valued at about $3,247,619,000. 66.20% of the stock is currently owned by institutional investors and hedge funds. Get Tesla alerts: