Image from MarketBeat Media, LLC. ARK Investment Management LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,589,622 shares of the electric vehicle producer's stock after acquiring an additional 512,158 shares during the period. Tesla comprises about 9.5% of ARK Investment Management LLC's investment portfolio, making the stock its biggest position. ARK Investment Management LLC owned 0.11% of Tesla worth $1,596,377,000 at the end of the most recent quarter. Get Tesla alerts: Gold and Silver Rebound, But This Metal Is Outperforming Both Several other hedge funds have also recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC bought a new position in shares of Tesla during the 3rd quarter worth approximately $29,000. Westend Capital Management LLC bought a new position in shares of Tesla during the third quarter valued at $32,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 2nd quarter worth about $30,000. Finally, ESL Trust Services LLC increased its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Analysts Set New Price Targets A number of equities analysts have commented on TSLA shares. Cantor Fitzgerald restated an "overweight" rating and issued a $510.00 price target on shares of Tesla in a research report on Thursday, January 29th. New Street Research boosted their target price on Tesla from $520.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. Morgan Stanley set a $415.00 price target on Tesla and gave the company an "equal weight" rating in a report on Thursday, January 29th. Mizuho set a $540.00 price objective on Tesla and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on Tesla from $150.00 to $145.00 and set an "underweight" rating for the company in a research note on Friday, January 30th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Tesla presently has an average rating of "Hold" and an average target price of $406.84.