Image from MarketBeat Media, LLC. Key Points Mutual of America Capital Management cut its Tesla stake by 5.3% to 304,126 shares, making TSLA its 9th-largest holding valued at about $135.3 million (1.4% of the firm's portfolio). Large institutions are shifting positions—Norges Bank opened a roughly $11.84 billion position and Vanguard now owns 251.39 million shares (~$79.86 billion)—while insiders have sold about 119,457 shares (~$53.5 million) in the last 90 days, with insiders owning 19.9% of the company. Market snapshot: TSLA opened at $435.20, has a market cap of $1.45 trillion and a high PE (~290), and carries a consensus analyst rating of "Hold" with an average price target of $410.77. MarketBeat Week in Review – 01/19 - 01/23 Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Tesla in the 2nd quarter worth about $11,839,824,000. Vanguard Group Inc. increased its position in shares of Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock valued at $79,856,764,000 after buying an additional 4,502,976 shares in the last quarter. Amundi raised its stake in shares of Tesla by 20.4% during the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock worth $6,374,284,000 after buying an additional 3,422,270 shares during the period. Jennison Associates LLC grew its stake in Tesla by 38.3% in the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after acquiring an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: