Image from MarketBeat Media, LLC. Key Points Tactive Advisors LLC opened a new position in Tesla, buying 8,537 shares worth about $2.71 million in Q2, while other institutions — notably Norges Bank — also added large stakes (Norges Bank’s purchase valued at roughly $11.84 billion), leaving institutional ownership at about 66.2%. Company insiders have been net sellers recently: Director Kimbal Musk sold 56,820 shares (~$25.6 million) and James R. Murdoch sold 60,000 shares (~$25.36 million), with insiders offloading 119,457 shares (~$52.14 million) in the past 90 days while still holding roughly 19.9% of the stock. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal A number of brokerages have weighed in on TSLA. New Street Research boosted their target price on shares of Tesla from $465.00 to $520.00 and gave the company a "buy" rating in a research note on Thursday, October 23rd. HSBC reissued a "reduce" rating on shares of Tesla in a report on Monday, November 17th. Roth Capital set a $505.00 price target on Tesla and gave the company a "buy" rating in a research note on Thursday, October 23rd. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, Barclays reaffirmed a "neutral" rating and set a $350.00 target price on shares of Tesla in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $399.33.