Share on Stocktwits American Asset Management Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 794 shares of the electric vehicle producer’s stock, valued at approximately $252,000. Tesla accounts for about 0.2% of American Asset Management Inc.’s portfolio, making the stock its 24th largest holding. Get Tesla alerts: Several other hedge funds also recently made changes to their positions in the company. Chelsea Counsel Co. grew its holdings in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Tesla during the second quarter worth about $29,000. Evergreen Private Wealth LLC grew its stake in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Glynn Capital Management LLC purchased a new position in Tesla during the 2nd quarter valued at about $35,000. Finally, LSV Asset Management raised its position in Tesla by 400.0% during the 2nd quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 96 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research report on Thursday, October 30th. UBS Group reaffirmed a “sell” rating on shares of Tesla in a research note on Friday, November 7th. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Wednesday, November 5th. Melius Research set a $520.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Stifel Nicolaus raised their target price on shares of Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $394.31.