Share on Stocktwits CI Investments Inc. trimmed its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,929 shares of the electric vehicle producer’s stock after selling 6,258 shares during the period. CI Investments Inc.’s holdings in Tesla were worth $9,308,000 as of its most recent SEC filing. Get Tesla alerts: Other hedge funds and other institutional investors also recently modified their holdings of the company. Narwhal Capital Management grew its stake in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after purchasing an additional 2,350 shares during the period. Norges Bank bought a new stake in shares of Tesla during the 2nd quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after buying an additional 22,607 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its position in shares of Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after buying an additional 3,935 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock worth $8,019,000 after acquiring an additional 3,724 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock. Wall Street Analysts Forecast Growth Several equities research analysts recently commented on TSLA shares. CICC Research boosted their price objective on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. New Street Research boosted their price target on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Tigress Financial began coverage on Tesla in a research note on Thursday, February 12th. They issued a “buy” rating and a $550.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Finally, Truist Financial dropped their target price on Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $406.84.