Share on Stocktwits Affinity Capital Advisors LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 14.9% in the third quarter, Holdings Channel reports. The institutional investor owned 6,218 shares of the electric vehicle producer’s stock after selling 1,088 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Tesla were worth $2,711,000 at the end of the most recent reporting period. Get Tesla alerts: Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Vanguard Group Inc. lifted its stake in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the period. Norges Bank purchased a new stake in shares of Tesla in the second quarter worth $11,839,824,000. Legal & General Group Plc boosted its stake in Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after buying an additional 1,134,678 shares during the period. Finally, Amundi grew its position in Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after buying an additional 3,422,270 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors. Analyst Ratings Changes Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Tesla from $483.00 to $508.00 and gave the company a “buy” rating in a report on Monday, November 17th. JPMorgan Chase & Co. raised their target price on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tesla from $470.00 to $500.00 and gave the company a “buy” rating in a research report on Friday. BNP Paribas Exane initiated coverage on shares of Tesla in a report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price target on the stock. Finally, Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $404.14.