Share on Stocktwits 111 Capital lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 12.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,768 shares of the electric vehicle producer’s stock after selling 3,112 shares during the quarter. Tesla comprises about 1.8% of 111 Capital’s investment portfolio, making the stock its 9th largest position. 111 Capital’s holdings in Tesla were worth $9,681,000 at the end of the most recent reporting period. Get Tesla alerts: A number of other institutional investors have also made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter worth $26,000. Manning & Napier Advisors LLC bought a new position in shares of Tesla during the third quarter worth about $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the 2nd quarter worth about $30,000. ESL Trust Services LLC lifted its position in Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in Tesla during the 2nd quarter valued at about $32,000. 66.20% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of research analysts have issued reports on TSLA shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $510.00 price target on shares of Tesla in a research report on Thursday, January 29th. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, January 29th. BNP Paribas Exane increased their target price on shares of Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. President Capital dropped their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, January 30th. Eighteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $408.09.