Image from MarketBeat Media, LLC. Key Points State of New Jersey Common Pension Fund D increased its Tesla stake by 3.8% in Q3 to 1,011,140 shares (worth ~$449.7M), making TSLA its 10th-largest holding. Tesla beat Q4 estimates with EPS $0.50 and revenue of $24.9B (down 3.1% YoY), but remains highly valued with a market cap of $1.57T and a P/E around 387. Analyst and ownership backdrop is mixed: consensus rating is "Hold" with a $408.09 price target, institutional ownership is ~66.2%, and insiders have been net sellers (119,457 shares sold, ~$53.5M in the last 90 days). Tesla P/E Hits 400: 2 Reasons It's Still a Buy, 1 to Avoid NASDAQ:TSLA opened at $417.44 on Friday. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The firm has a 50-day moving average price of $444.24 and a two-hundred day moving average price of $414.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The firm has a market cap of $1.57 trillion, a price-to-earnings ratio of 386.52, a price-to-earnings-growth ratio of 14.13 and a beta of 1.86. Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period in the prior year, the company posted $0.73 earnings per share. Tesla's quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity at Tesla 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 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 filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is owned by company insiders. Tesla Profile