Image from MarketBeat Media, LLC. Key Points Ontario Teachers purchased 3,892 shares of Tesla in Q2, a new position valued at approximately $1.236 million according to its Form 13F filing. Other large investors added to their Tesla stakes—Vanguard, Geode, Goldman Sachs, Charles Schwab and Amundi all increased holdings—and institutional ownership stands at about 66.20%. Insiders sold heavily last quarter (202,606 shares worth roughly $75.6 million), including notable sales by the CFO and an SVP, leaving insiders with about 19.90% ownership. Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm's revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Ratings Changes A number of research analysts have issued reports on the company. China Renaissance lifted their price objective on Tesla from $349.00 to $380.00 and gave the company a "hold" rating in a research note on Friday, October 24th. JPMorgan Chase & Co. raised their price target on Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. Stifel Nicolaus set a $483.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Piper Sandler lifted their target price on Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Finally, Glj Research reaffirmed a "sell" rating on shares of Tesla in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $393.61.