Image from MarketBeat Media, LLC. Jupiter Asset Management Ltd. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,027 shares of the electric vehicle producer's stock after selling 59,707 shares during the period. Tesla accounts for about 0.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 20th largest holding. Jupiter Asset Management Ltd.'s holdings in Tesla were worth $107,190,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla Faces Falling Sales—But Is That the Wrong Story? Several other hedge funds also recently modified their holdings of the company. BIT Capital GmbH raised its position in Tesla by 103.1% in the third quarter. BIT Capital GmbH now owns 3,824 shares of the electric vehicle producer's stock worth $1,701,000 after acquiring an additional 126,924 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Tesla by 3.8% in the 3rd quarter. Y.D. More Investments Ltd now owns 10,145 shares of the electric vehicle producer's stock worth $4,512,000 after purchasing an additional 374 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. acquired a new stake in Tesla during the third quarter valued at approximately $244,000. D Orazio & Associates Inc. grew its stake in Tesla by 23.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 7,291 shares of the electric vehicle producer's stock valued at $3,242,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Amara Financial LLC. acquired a new position in shares of Tesla in the 3rd quarter valued at about $265,000. 66.20% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several equities analysts have recently commented on the stock. Glj Research restated a "sell" rating on shares of Tesla in a report on Thursday. Piper Sandler reaffirmed an "overweight" rating on shares of Tesla in a report on Thursday, January 29th. Tigress Financial began coverage on shares of Tesla in a research note on Thursday, February 12th. They set a "buy" rating and a $550.00 target price for the company. Cantor Fitzgerald restated an "overweight" rating and set a $510.00 price objective on shares of Tesla in a report on Thursday, January 29th. Finally, New Street Research lifted their price objective on Tesla from $520.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $408.09.