Image from MarketBeat Media, LLC. Key Points Petix & Botte Co opened a new Q2 position in Tesla, buying 660 shares worth about $210,000, while several other institutions also raised stakes and institutional investors now own ~66.2% of the stock. Insiders sold heavily last quarter — SVP Xiaotong Zhu sold 20,000 shares ($7.28M) and CFO Vaibhav Taneja sold 2,606 shares ($918k), with insiders offloading a total of 202,606 shares (~$75.59M); insiders now hold ~19.9% of Tesla. Recent results and valuation: Tesla reported $0.50 EPS and $28.10B revenue (beating expectations), its shares opened at $430.60 with a $1.43T market cap and a PE of ~287, and analysts' consensus is a "Hold" with an average target of $391.08. Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Several other large investors have also recently bought and sold shares of TSLA. Capital Investment Counsel Inc lifted its stake in Tesla by 1.6% in the second quarter. Capital Investment Counsel Inc now owns 3,530 shares of the electric vehicle producer's stock valued at $1,121,000 after buying an additional 57 shares during the period. Francis Financial Inc. raised its holdings in shares of Tesla by 8.2% in the second quarter. Francis Financial Inc. now owns 1,374 shares of the electric vehicle producer's stock valued at $436,000 after purchasing an additional 104 shares during the last quarter. Monetta Financial Services Inc. boosted its stake in shares of Tesla by 16.7% during the 2nd quarter. Monetta Financial Services Inc. now owns 7,000 shares of the electric vehicle producer's stock worth $2,224,000 after buying an additional 1,000 shares during the last quarter. D Orazio & Associates Inc. grew its stake in shares of Tesla by 23.5% in the second quarter. D Orazio & Associates Inc. now owns 5,903 shares of the electric vehicle producer's stock valued at $1,875,000 after buying an additional 1,124 shares in the last quarter. Finally, First Western Trust Bank increased its stake in shares of Tesla by 28.3% during the 2nd quarter. First Western Trust Bank now owns 1,368 shares of the electric vehicle producer's stock worth $435,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: