Share on Stocktwits Arta Finance Wealth Management LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,780 shares of the electric vehicle producer’s stock, valued at approximately $3,499,000. Tesla comprises approximately 1.8% of Arta Finance Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Get Tesla alerts: Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Relyea Zuckerberg Hanson LLC increased its stake in Tesla by 0.4% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares during the last quarter. Equita Financial Network Inc. boosted its stake in shares of Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock worth $380,000 after buying an additional 23 shares during the last quarter. VanderPol Investments L.L.C. grew its holdings in shares of Tesla by 2.2% in the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock valued at $464,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock valued at $3,814,000 after acquiring an additional 23 shares in the last quarter. Finally, Cloud Capital Management LLC increased its position in shares of Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of analysts recently commented on TSLA shares. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, March 4th. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $405.00 target price on shares of Tesla in a research note on Thursday, January 29th. BNP Paribas Exane reduced their price target on shares of Tesla from $313.00 to $280.00 and set an “underperform” rating for the company in a research report on Monday, March 2nd. 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. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $402.61.