Key Points Tesla's stock received an "outperform" rating from Royal Bank of Canada, with a price target of $500.00, indicating a potential upside of 17.72% from its previous close. Bank of America raised its target price on Tesla shares to $341.00 and assigned a "neutral" rating, while Wedbush set a higher target of $600.00 with the same "outperform" rating. Several insiders sold shares recently, including Director James R. Murdoch, who sold 120,000 shares worth approximately $42 million, reducing his ownership by 14.69%. Lithium Americas: Why This 31% Rally Is More Than Just a Headline In related news, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last quarter. Company insiders own 19.90% of the company's stock. Institutional Investors Weigh In On Tesla Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS increased its stake in Tesla by 6.3% in the third quarter. KLP Kapitalforvaltning AS now owns 1,098,110 shares of the electric vehicle producer's stock valued at $488,351,000 after purchasing an additional 64,600 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in Tesla by 766.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,839 shares of the electric vehicle producer's stock valued at $2,597,000 after purchasing an additional 5,165 shares in the last quarter. New Century Financial Group LLC bought a new stake in Tesla in the third quarter valued at $230,000. Sather Financial Group Inc increased its stake in Tesla by 4.4% in the third quarter. Sather Financial Group Inc now owns 1,764 shares of the electric vehicle producer's stock valued at $784,000 after purchasing an additional 75 shares in the last quarter. Finally, Kelly Financial Group LLC bought a new stake in shares of Tesla during the third quarter worth about $259,000. 66.20% of the stock is owned by institutional investors. Tesla Company Profile