Image from MarketBeat Media, LLC. Key Points Vivid Wealth Management LLC trimmed its Tesla stake by 13.5% in Q3, selling 1,654 shares and now holds 10,578 shares worth about $4.70 million, roughly 1.9% of its portfolio and its eighth-largest holding. Institutional and insider activity is notable: Norges Bank reportedly opened a new Tesla position valued at about $11.84 billion and several funds increased exposure, while insiders sold 119,457 shares (~$53.5M) last quarter, including Director James R. Murdoch's $26.7M sale. Analyst and market sentiment is mixed — Tesla has a consensus rating of Hold with an average price target of $410.20, despite a high valuation (market cap ~$1.46T, P/E ~292) and divergent analyst ratings from Buy to Sell. This ETF Is Proof That the Healthcare Rebound Is Real Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla's quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year. Analysts Set New Price Targets Several analysts recently weighed in on TSLA shares. Canaccord Genuity Group increased their price target on Tesla from $482.00 to $551.00 and gave the company a "buy" rating in a report on Tuesday, December 23rd. Wall Street Zen upgraded shares of Tesla from a "sell" rating to a "hold" rating in a report on Saturday, October 25th. JPMorgan Chase & Co. reissued a "sell" rating on shares of Tesla in a research report on Monday, January 5th. Melius started coverage on Tesla in a report on Monday, October 13th. They issued a "buy" rating and a $520.00 price target on the stock. Finally, Royal Bank Of Canada restated a "buy" rating and set a $500.00 price objective on shares of Tesla in a report on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $410.20.