Image from MarketBeat Media, LLC. Key Points Invesco trimmed its stake in Tesla by 5.2% in Q3, selling 811,706 shares and now holds 14,897,309 shares valued at about $6.63 billion, which is roughly 1.0% of Invesco’s portfolio and 0.45% of Tesla outstanding stock. Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and an average target of $406.84, while individual price targets range from $125 (Wells Fargo, underweight) up to $540 (Mizuho, outperform). Insider selling has been notable recently—Director James R. Murdoch sold 60,000 shares (~$26.7M) and CFO Vaibhav Taneja sold 2,264 shares, with insiders selling about 87,995 shares (~$38.3M) over the last 90 days despite insiders still owning 19.9% of the company. Tesla’s Big China Sales Spike Didn’t Excite Investors—Here’s Why Other institutional investors and hedge funds have also recently made changes to their positions in the company. Narwhal Capital Management grew its holdings in shares of Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after purchasing an additional 2,350 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock valued at $14,487,000 after buying an additional 7,446 shares during the last quarter. Norges Bank acquired a new stake in Tesla during the 2nd quarter worth approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its holdings in Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock worth $135,688,000 after acquiring an additional 22,607 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its position in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after acquiring an additional 3,935 shares during the period. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: