Share on Stocktwits Elite Wealth Management Inc. lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 63.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,088 shares of the electric vehicle producer’s stock after selling 1,870 shares during the quarter. Elite Wealth Management Inc.’s holdings in Tesla were worth $484,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other large investors have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of Tesla by 0.4% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after purchasing an additional 23 shares in the last quarter. Equita Financial Network Inc. grew its holdings in Tesla by 2.8% in the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Tesla by 4.1% in the third quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after purchasing an additional 24 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Tesla by 0.8% in the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock valued at $1,387,000 after buying an additional 25 shares in the last quarter. Finally, KRS Capital Management LLC raised its stake in shares of Tesla by 1.2% during the 3rd quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer’s stock worth $905,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock. Wall Street Analyst Weigh In Several brokerages recently commented on TSLA. UBS Group reissued a “sell” rating and issued a $307.00 price target (up previously from $247.00) on shares of Tesla in a report on Wednesday. Bank of America boosted their target price on shares of Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research note on Monday, December 15th. Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Industrial Alliance Securities set a $300.00 target price on Tesla in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $410.20.