Image from MarketBeat Media, LLC. Key Points Legacy Private Trust increased its stake in Tesla by 25.9% in Q3, buying 3,160 shares to own 15,374 shares worth about $6.84 million. There is heavy institutional interest—Norges Bank bought a new stake (~$11.84 billion) and Vanguard holds 251.39 million shares (~$79.9 billion); institutional investors own 66.20% while insiders hold 19.90% and recently sold roughly $26.8 million of stock (including sales by the CFO and Kimbal Musk). Tesla has a $1.61 trillion market cap and recently beat quarterly EPS and revenue estimates (EPS $0.50 vs $0.48; revenue $28.10B vs $24.98B), but carries a high valuation (P/E 322.25) and a consensus price target of $402 with an average rating of "Hold". MarketBeat Week in Review – 12/8 - 12/12 Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same period last year, the company posted $0.72 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Tesla from $280.00 to $406.00 and gave the company a "hold" rating in a report on Thursday, October 23rd. Roth Capital set a $505.00 price objective on Tesla and gave the company a "buy" rating in a research note on Thursday, October 23rd. TD Cowen lifted their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a report on Monday. Finally, Dbs Bank raised shares of Tesla to a "hold" rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus price target of $402.25.