Image from MarketBeat Media, LLC. Sequoia Financial Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,703 shares of the electric vehicle producer's stock after purchasing an additional 5,609 shares during the period. Sequoia Financial Advisors LLC's holdings in Tesla were worth $49,335,000 at the end of the most recent reporting period. Get Tesla alerts: TSLA: 3 Reasons the Stock Could Hit $400 in May Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Holocene Advisors LP grew its holdings in Tesla by 132.2% during the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock worth $2,738,141,000 after acquiring an additional 3,505,000 shares in the last quarter. Jennison Associates LLC increased its position in Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares during the period. Capital World Investors lifted its position in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Tesla during the fourth quarter valued at approximately $748,084,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Analyst Ratings Changes A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating for the company in a report on Thursday, January 29th. Piper Sandler restated an "overweight" rating on shares of Tesla in a research note on Thursday, January 29th. Stifel Nicolaus set a $508.00 price target on Tesla in a report on Thursday, January 29th. President Capital increased their price objective on shares of Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, Mizuho decreased their price target on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $398.42.