Link copied to clipboard. GLOBALT Investments LLC GA cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,143 shares of the electric vehicle producer's stock after selling 858 shares during the period. GLOBALT Investments LLC GA's holdings in Tesla were worth $3,540,000 as of its most recent SEC filing. Get Tesla alerts: How Much Risk Is Too Much? Here Come 5X Leveraged ETFs Several other hedge funds have also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI purchased a new position in shares of Tesla during the 1st quarter worth approximately $27,000. Chelsea Counsel Co. increased its position in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 40 shares in the last quarter. Centennial Bank AR raised its holdings in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after acquiring an additional 100 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Tesla in the second quarter valued at $29,000. Finally, Compass Wealth Management LLC boosted its stake in shares of Tesla by 360.0% during the first quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of equities analysts have recently weighed in on the stock. Melius Research set a $520.00 price objective on shares of Tesla and gave the company a "buy" rating in a research report on Monday, October 13th. DZ Bank reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday. Bank of America raised their price target on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Melius started coverage on shares of Tesla in a report on Monday, October 13th. They set a "buy" rating and a $520.00 price objective on the stock. Finally, Canaccord Genuity Group dropped their price target on shares of Tesla from $490.00 to $482.00 and set a "buy" rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $380.97.