Image from MarketBeat Media, LLC. Key Points Meiji Yasuda Asset Management reduced its Tesla stake by 3.9% in the fourth quarter, selling 1,902 shares and ending with 47,406 shares valued at about $21.3 million. Institutional ownership remains high, with large investors continuing to adjust positions and institutions holding 66.20% of Tesla’s stock overall. Tesla recently posted mixed quarterly results, beating EPS estimates at $0.41 but missing revenue expectations with $22.39 billion, while analysts currently rate the stock a consensus “Hold” with an average target price of $395.20. TSLA: 3 Reasons the Stock Could Hit $400 in May In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 83,213 shares of company stock worth $32,201,105. Corporate insiders own 19.90% of the company's stock. Analyst Ratings Changes A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. Canaccord Genuity Group raised their price target on shares of Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Tuesday, April 21st. Wells Fargo & Company dropped their price target on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research report on Thursday, January 29th. Finally, Robert W. Baird dropped their price target on Tesla from $538.00 to $522.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $395.20.