Image from MarketBeat Media, LLC. Key Points Belpointe cut holdings: Belpointe Asset Management reduced its Tesla stake by 6.3%, selling 2,994 shares and now holds 44,702 shares worth about $19.88 million (Tesla is 0.8% of its portfolio). Insider selling: Company insiders sold 119,457 shares (~$53.5 million) over the last quarter — including sales by Kimbal Musk and James R. Murdoch — leaving insiders with roughly 19.9% ownership. Market and analyst landscape: Tesla has a MarketBeat consensus rating of "Hold" with an average price target of $410.77, institutional investors own about 66.2% of the stock, and large funds (e.g., Vanguard, Norges Bank, Amundi) have recently added or increased positions. MarketBeat Week in Review – 01/19 - 01/23 Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Tesla during the second quarter worth approximately $11,839,824,000. Vanguard Group Inc. increased its stake in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Amundi boosted its position 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 valued at $6,374,284,000 after acquiring an additional 3,422,270 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after purchasing an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC increased its position in Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: