Image from MarketBeat Media, LLC. Private Management Group Inc. purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,130 shares of the electric vehicle producer's stock, valued at approximately $994,000. Get Tesla alerts: MarketBeat Week in Review – 11/17 - 11/21 A number of other large investors have also modified their holdings of the company. First Merchants Corp boosted its position in shares of Tesla by 1.3% during the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after buying an additional 31 shares during the period. Alaska Wealth Advisors raised its stake in Tesla by 3.4% during the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. KWB Wealth boosted its position in Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after acquiring an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. grew its stake in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after purchasing an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings in shares of Tesla by 0.7% during the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Analyst Ratings Changes Several research firms have commented on TSLA. Barclays reissued a "negative" rating and set a $350.00 target price (up previously from $275.00) on shares of Tesla in a research note on Thursday, October 16th. Truist Financial raised their price objective on shares of Tesla from $280.00 to $406.00 and gave the company a "hold" rating in a research note on Thursday, October 23rd. Melius initiated coverage on Tesla in a research report on Monday, October 13th. They issued a "buy" rating and a $520.00 target price for the company. Piper Sandler increased their price target on Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group dropped their price objective on Tesla from $425.00 to $400.00 and set a "neutral" rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company's stock. According to MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $394.31.