Share on Stocktwits Ethic Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,004 shares of the electric vehicle producer’s stock after buying an additional 13,299 shares during the period. Tesla accounts for approximately 1.2% of Ethic Inc.’s investment portfolio, making the stock its 10th biggest holding. Ethic Inc.’s holdings in Tesla were worth $77,354,000 at the end of the most recent reporting period. Get Tesla alerts: Other institutional investors have also added to or reduced their stakes in the company. Narwhal Capital Management boosted its position in shares of Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock valued at $4,232,000 after buying an additional 2,350 shares during the last quarter. Crestwood Advisors Group LLC raised its position in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after buying an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after acquiring an additional 7,446 shares in the last quarter. Calamos Wealth Management LLC boosted its holdings in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after acquiring an additional 2,341 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after acquiring an additional 3,935 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several brokerages have recently commented on TSLA. Truist Financial lowered their target price on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. President Capital upped their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. China Renaissance dropped their target price on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, April 22nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $398.42.