Share on Stocktwits American Century Companies Inc. cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,966,438 shares of the electric vehicle producer’s stock after selling 133,248 shares during the period. Tesla accounts for approximately 1.6% of American Century Companies Inc.’s investment portfolio, making the stock its 7th biggest holding. American Century Companies Inc.’s holdings in Tesla were worth $3,098,117,000 at the end of the most recent quarter. Get Tesla alerts: A number of other institutional investors have also recently made changes to their positions in TSLA. Norges Bank purchased a new stake in Tesla in the second quarter valued at about $11,839,824,000. Vanguard Group Inc. increased its holdings in shares of Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares in the last quarter. Amundi raised its position in shares of Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares during the last quarter. Jennison Associates LLC boosted its stake in Tesla by 38.3% in the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after purchasing an additional 3,021,550 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Tesla by 2.0% during the 2nd 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 last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock. Insider Activity at Tesla In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 145,188 shares of company stock worth $64,193,919 over the last three months. Company insiders own 19.90% of the company’s stock. Wall Street Analyst Weigh In A number of research analysts have issued reports on TSLA shares. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price target on shares of Tesla in a report on Thursday, January 29th. Barclays restated a “neutral” rating on shares of Tesla in a research note on Wednesday, February 18th. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. China Renaissance increased their price objective on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $408.09. Read Our Latest Report on TSLA Key Stories Impacting Tesla