Image from MarketBeat Media, LLC. Key Points Symphony Financial Ltd. Co. boosted its Tesla stake by 4,562.3% in Q2, acquiring 311,467 shares to hold 318,294 shares worth about $101.07 million, making Tesla 0.5% of its portfolio and its 23rd largest holding. Significant insider selling occurred last quarter—202,606 shares were sold, including Director James R. Murdoch's 120,000-share sale (~$42.0M) and SVP Xiaotong Zhu's 20,000-share sale (~$7.28M)—leaving insiders with 19.90% ownership. Tesla beat quarterly estimates (EPS $0.50 vs. $0.48) and reported $28.10B revenue, but trades at a lofty valuation (market cap ~$1.34T, P/E ~269.6) with analysts' consensus rated "Hold" and an average target of $393.61. These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Merchants Corp grew its holdings in Tesla by 1.3% during the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock valued at $767,000 after purchasing an additional 31 shares during the period. Alaska Wealth Advisors grew its stake in shares of Tesla by 3.4% during the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after acquiring an additional 32 shares during the period. KWB Wealth increased its holdings in Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after acquiring an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its stake in Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after acquiring an additional 34 shares during the period. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in Tesla by 0.7% during the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after purchasing an additional 34 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Get Tesla alerts: