Share on Stocktwits Baker Chad R cut its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,649 shares of the electric vehicle producer’s stock after selling 6,136 shares during the period. Tesla comprises about 4.5% of Baker Chad R’s holdings, making the stock its 6th largest holding. Baker Chad R’s holdings in Tesla were worth $24,834,000 as of its most recent filing with the Securities and Exchange Commission. Get Tesla alerts: Other large investors also recently modified their holdings of the company. Kathmere Capital Management LLC raised its stake in Tesla by 41.8% in the fourth quarter. Kathmere Capital Management LLC now owns 12,212 shares of the electric vehicle producer’s stock valued at $5,492,000 after buying an additional 3,602 shares in the last quarter. Cadent Capital Advisors LLC grew its position in shares of Tesla by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 12,674 shares of the electric vehicle producer’s stock valued at $5,700,000 after buying an additional 33 shares during the last quarter. Norden Group LLC raised its stake in Tesla by 13.5% during the 4th quarter. Norden Group LLC now owns 26,062 shares of the electric vehicle producer’s stock worth $11,721,000 after acquiring an additional 3,092 shares in the last quarter. BostonPremier Wealth LLC boosted its stake in Tesla by 13.1% in the fourth quarter. BostonPremier Wealth LLC now owns 3,577 shares of the electric vehicle producer’s stock valued at $1,609,000 after acquiring an additional 414 shares in the last quarter. Finally, Well Done LLC boosted its stake in Tesla by 11.9% in the fourth quarter. Well Done LLC now owns 1,888 shares of the electric vehicle producer’s stock valued at $849,000 after acquiring an additional 201 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of analysts have recently commented on TSLA shares. CICC Research lifted their target price on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Tigress Financial initiated coverage on shares of Tesla in a report on Thursday, February 12th. They issued a “buy” rating and a $550.00 target price for the company. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, January 29th. UBS Group boosted their price objective on shares of Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research note on Thursday, January 29th. Finally, China Renaissance raised their price objective on shares of Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $406.84.