Image from MarketBeat Media, LLC. Key Points Barclays reiterated a "Neutral" rating on Tesla with a $350 price target, implying roughly an 18.63% downside from the prior close. The analyst community is mixed but collectively averages a "Hold" rating with an average price target of $394.03, ranging from strong buys to sells. Tesla recently beat quarterly estimates (Q: $0.50 EPS vs. $0.48 expected; revenue $28.10B, +11.6% YoY) but carries a high valuation (PE ~287) and has seen notable insider selling (about 82,606 shares sold in the last 90 days). Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop? In related news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction that occurred on Thursday, September 11th. The stock was 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 in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,606 shares of company stock valued at $33,554,102. Corporate insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla Large investors have recently modified their holdings of the business. Siren L.L.C. purchased a new stake in Tesla during the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC raised its stake in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after buying an additional 826 shares during the period. Norges Bank purchased a new position in shares of Tesla during the 2nd quarter valued at about $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its stake 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 acquiring an additional 22,607 shares during the period. Finally, Keystone Global Partners LLC purchased a new stake in Tesla in the 1st quarter worth approximately $594,000. Hedge funds and other institutional investors own 66.20% of the company's stock. About Tesla