Share on Stocktwits Financial Advocates Investment Management trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 95.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the electric vehicle producer’s stock after selling 40,207 shares during the quarter. Financial Advocates Investment Management’s holdings in Tesla were worth $814,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Get Tesla alerts: Several other large investors also recently modified their holdings of TSLA. Norges Bank bought a new stake in shares of Tesla during the 2nd quarter valued at about $11,839,824,000. Vanguard Group Inc. lifted its stake in shares of 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 during the period. Amundi boosted its holdings in shares of Tesla by 20.4% in 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 during the last quarter. Jennison Associates LLC grew its position in Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after buying an additional 1,269,304 shares during the last quarter. Institutional investors own 66.20% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, January 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $405.00 price target on shares of Tesla in a report on Thursday, January 29th. Bank of America raised their price objective on Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. UBS Group lifted their price objective on Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research report on Thursday, January 29th. Finally, Barclays reissued a “neutral” rating on shares of Tesla in a report on Friday, February 6th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $408.09.