Image from MarketBeat Media, LLC. Key Points Patriot Financial Group Insurance Agency LLC reduced its Tesla stake by 21.1%, selling 3,215 shares and leaving it with 12,014 shares valued at about $5.34 million, while institutions now own roughly 66.2% of TSLA. Corporate insiders have been selling recently—Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares—leaving insiders with about 19.9% ownership. Tesla beat quarterly EPS estimates ($0.50 vs. $0.48) with revenue of $28.10B, but remains highly valued (market cap ≈ $1.6T, P/E ≈ 320.8); analysts’ consensus is a "Hold" with an average price target of $404, though several firms have lifted targets toward ~$500. Is Tesla Overvalued? 2 Reasons It Might Be a Bargain Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm's revenue was up 11.6% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analysts Set New Price Targets Several equities research analysts have recently weighed in on TSLA shares. Melius Research set a $520.00 price objective on Tesla and gave the stock a "buy" rating in a research note on Monday, October 13th. TD Cowen upped their target price on Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Dbs Bank raised Tesla to a "hold" rating in a research note on Wednesday, November 5th. Wall Street Zen raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. Finally, Piper Sandler reissued an "overweight" rating and issued a $500.00 target price on shares of Tesla in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $404.14.