Link copied to clipboard. Ritholtz Wealth Management increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 50,243 shares of the electric vehicle producer's stock after purchasing an additional 11,557 shares during the period. Ritholtz Wealth Management's holdings in Tesla were worth $15,960,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Brighton Jones LLC boosted its position in Tesla by 11.8% during the 4th 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 boosted its holdings in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% during the fourth 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 period. GAMMA Investing LLC boosted its holdings in shares of Tesla by 6.0% during the first quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer's stock worth $9,812,000 after purchasing an additional 2,153 shares during the period. Finally, Vicus Capital boosted its stake in shares of Tesla by 71.1% during the 1st quarter. Vicus Capital now owns 1,389 shares of the electric vehicle producer's stock valued at $360,000 after buying an additional 577 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on TSLA. UBS Group set a $247.00 target price on shares of Tesla in a research note on Monday, October 6th. Evercore ISI lifted their price target on Tesla from $235.00 to $300.00 and gave the company an "in-line" rating in a report on Monday. China Renaissance reiterated a "hold" rating and set a $349.00 price target on shares of Tesla in a report on Friday, July 25th. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Finally, Wedbush lifted their target price on shares of Tesla from $500.00 to $600.00 and gave the company an "outperform" rating in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $363.03.