Image from MarketBeat Media, LLC. Key Points BTC Capital Management trimmed its Tesla stake by 4.1% in Q3, selling 1,226 shares and leaving it with 28,906 shares valued at about $12.86 million. Insider selling: Director Kimbal Musk sold 56,820 shares (~$25.6M) and James R. Murdoch sold 60,000 shares (~$26.7M); insiders sold 119,457 shares (~$53.5M) in the past 90 days and now own about 19.9% of the company. Institutional and analyst picture: Large institutions are reshaping holdings—Norges Bank opened a new ~ $11.84 billion position and Vanguard added 4.5 million shares—institutions own 66.2% of TSLA, while analysts’ consensus rating is a "Hold" with an average target of $408.09. Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Tesla in the 2nd quarter valued at approximately $11,839,824,000. Vanguard Group Inc. raised its holdings 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 worth $79,856,764,000 after buying an additional 4,502,976 shares during the last quarter. Amundi raised its holdings in shares of Tesla by 20.4% in the second 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 last quarter. Jennison Associates LLC lifted its stake in shares of Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock worth $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 valued at $20,480,477,000 after buying an additional 1,269,304 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Get Tesla alerts: