Share on Stocktwits Contravisory Investment Management Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4,296.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,135 shares of the electric vehicle producer’s stock after purchasing an additional 23,586 shares during the quarter. Tesla makes up approximately 2.1% of Contravisory Investment Management Inc.’s portfolio, making the stock its 10th biggest position. Contravisory Investment Management Inc.’s holdings in Tesla were worth $10,733,000 as of its most recent SEC filing. Get Tesla alerts: Several other hedge funds also recently added to or reduced their stakes in the stock. Dakota Community Bank & Trust NA raised its holdings in Tesla by 332.5% during the third quarter. Dakota Community Bank & Trust NA now owns 3,317 shares of the electric vehicle producer’s stock worth $1,475,000 after purchasing an additional 2,550 shares in the last quarter. Embree Financial Group grew its position in shares of Tesla by 7.2% in the 3rd quarter. Embree Financial Group now owns 1,466 shares of the electric vehicle producer’s stock valued at $652,000 after buying an additional 99 shares during the last quarter. Central Valley Advisors LLC raised its stake in Tesla by 6.7% during the 3rd quarter. Central Valley Advisors LLC now owns 4,007 shares of the electric vehicle producer’s stock worth $1,782,000 after acquiring an additional 250 shares in the last quarter. Park Edge Advisors LLC lifted its position in Tesla by 29.6% in the third quarter. Park Edge Advisors LLC now owns 2,034 shares of the electric vehicle producer’s stock valued at $905,000 after acquiring an additional 464 shares during the last quarter. Finally, Riversedge Advisors LLC boosted its stake in Tesla by 34.5% in the third quarter. Riversedge Advisors LLC now owns 3,499 shares of the electric vehicle producer’s stock valued at $1,556,000 after acquiring an additional 897 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several analysts have recently weighed in on TSLA shares. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. Barclays restated a “neutral” rating and set a $350.00 target price on shares of Tesla in a research report on Monday, December 1st. Industrial Alliance Securities set a $300.00 price target on shares of Tesla in a research report on Monday, October 13th. Finally, Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $404.14.