Image from MarketBeat Media, LLC. Key Points QRG Capital Management cut its Tesla stake by 18.1%, selling 79,954 shares and now holds 362,480 shares worth $161.2 million (about 2.0% of its portfolio), making TSLA its eighth-largest position. Several large institutions moved into or increased Tesla exposure—Norges Bank opened a new position worth roughly $11.84 billion and Vanguard now owns 251,390,681 shares (about $79.86 billion)—with institutional investors holding 66.2% of the company. Insiders sold 119,457 shares (~$53.5 million) in the last quarter, including Director James Murdoch’s 60,000-share sale, while upcoming Q4 results and the Jan. 28 earnings call are the next key catalysts; the analyst consensus is a Hold with a $410.20 price target. America’s New Favorite EV Isn’t Tesla—and the Stock May Surprise In other news, Director James R. Murdoch sold 60,000 shares of the business's 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 completion of the transaction, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm's stock in a transaction on 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 sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company's stock. Analyst Ratings Changes A number of equities analysts have issued reports on the company. Dbs Bank upgraded Tesla to a "hold" rating in a research note on Wednesday, November 5th. New Street Research raised their price objective on Tesla from $520.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. CICC Research upped their target price on shares of Tesla from $450.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, December 18th. HSBC restated a "reduce" rating on shares of Tesla in a report on Monday, November 17th. Finally, Wedbush reiterated an "outperform" rating and issued a $600.00 price objective on shares of Tesla in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus price target of $410.20.