Share on Stocktwits Goelzer Investment Management Inc. cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,560 shares of the electric vehicle producer’s stock after selling 2,898 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Tesla were worth $2,950,000 at the end of the most recent reporting period. Get Tesla alerts: Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC increased its stake in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the period. Finally, AGP Franklin LLC lifted its stake in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of research firms have issued reports on TSLA. Bank of America began coverage on Tesla in a research report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 target price for the company. Phillip Securities dropped their price target on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Benchmark reissued a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Finally, CICC Research upped their price objective on shares of Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have given a Sell rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $406.84.