Image from MarketBeat Media, LLC. Key Points Tesla shares were down 2.2% Thursday to about $395 on higher-than-average volume (110.8M shares), roughly in line with the consensus price target of $394.31. The company beat Q3 estimates — EPS $0.50 vs. $0.48 and revenue $28.1B (up 11.6% YoY) — but the stock remains richly valued with a P/E of 263.37 and PEG of 16.84. Insiders have sold about 202,606 shares (~$75.6M) in the last 90 days, and analyst opinion is mixed (1 Strong Buy, 21 Buy, 12 Hold, 10 Sell), leaving an average rating of Hold. Why Ford's Deal With Amazon Is Bigger Than You Think In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the sale, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company's stock. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter valued at $26,000. Chelsea Counsel Co. boosted its position in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla in the third quarter valued at about $29,000. LGT Financial Advisors LLC acquired a new stake in Tesla during the second quarter worth about $29,000. Finally, Turning Point Benefit Group Inc. purchased a new position in Tesla during the third quarter worth about $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors. About Tesla