Share on Stocktwits Exchange Traded Concepts LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 53.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 616,269 shares of the electric vehicle producer’s stock after acquiring an additional 215,455 shares during the period. Tesla comprises approximately 2.1% of Exchange Traded Concepts LLC’s investment portfolio, making the stock its 6th largest position. Exchange Traded Concepts LLC’s holdings in Tesla were worth $277,148,000 as of its most recent SEC filing. Get Tesla alerts: Other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the second quarter valued at about $26,000. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the third quarter worth about $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the second quarter valued at about $30,000. Turning Point Benefit Group Inc. acquired a new stake in Tesla during the 3rd quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in Tesla during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock. Analyst Upgrades and Downgrades Several equities analysts have recently commented on TSLA shares. Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Thursday, March 12th. Tigress Financial started coverage on shares of Tesla in a research note on Thursday, February 12th. They issued a “buy” rating and a $550.00 price target for the company. President Capital cut their price target on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Tesla in a report on Thursday, January 29th. Finally, Bank of America began coverage on shares of Tesla in a research report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 target price for the company. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $406.84.