Insiders Place Their Bets In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 119,457 shares of company stock valued at $53,501,145 in the last three months. 19.90% of the stock is currently owned by insiders. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the business. Barnes Wealth Management Group Inc increased its stake in Tesla by 1.1% during the third quarter. Barnes Wealth Management Group Inc now owns 2,521 shares of the electric vehicle producer’s stock worth $1,121,000 after acquiring an additional 27 shares during the last quarter. Parkshore Wealth Management Inc. increased its position in shares of Tesla by 0.4% during the 3rd quarter. Parkshore Wealth Management Inc. now owns 8,511 shares of the electric vehicle producer’s stock worth $3,785,000 after purchasing an additional 32 shares during the last quarter. SWAN Capital LLC raised its holdings in Tesla by 9.9% in the 3rd quarter. SWAN Capital LLC now owns 378 shares of the electric vehicle producer’s stock valued at $168,000 after buying an additional 34 shares during the period. Binnacle Investments Inc lifted its position in Tesla by 6.9% in the second quarter. Binnacle Investments Inc now owns 825 shares of the electric vehicle producer’s stock valued at $262,000 after buying an additional 53 shares during the last quarter. Finally, Blue Chip Partners LLC boosted its stake in Tesla by 3.2% during the third quarter. Blue Chip Partners LLC now owns 1,856 shares of the electric vehicle producer’s stock worth $825,000 after buying an additional 57 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts have issued reports on TSLA shares. BNP Paribas Exane started coverage on Tesla in a research report on Thursday, October 16th. They set an “underperform” rating and a $307.00 price target on the stock. Melius assumed coverage on Tesla in a research note on Monday, October 13th. They set a “buy” rating and a $520.00 target price for the company. BNP Paribas lifted their price target on shares of Tesla from $307.00 to $313.00 in a research note on Monday, December 1st. Melius Research set a $520.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Mizuho lifted their target price on shares of Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued 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, Tesla currently has a consensus rating of “Hold” and an average price target of $410.20.