Image from MarketBeat Media, LLC. Key Points Thoroughbred Financial Services LLC cut its Tesla stake by 15.6% in Q2, selling 4,179 shares and ending the quarter with 22,612 shares worth about $7.18 million, while institutional investors own roughly 66.2% of the stock. Significant insider selling occurred recently: Director James R. Murdoch sold 120,000 shares (~$42.0M) and insiders sold 202,606 shares valued at $75.6M over the last quarter, leaving insiders with about 19.9% ownership. Analysts are mixed with an average "Hold" rating and a $393.61 average price target, even as Tesla beat quarterly revenue and EPS estimates ($28.10B revenue, $0.50 EPS) and trades at a ~$1.34 trillion market cap (PE ~270). Rivian’s Chart Says Go, But Some Analysts Still Say No Several research analysts have weighed in on TSLA shares. China Renaissance lifted their target price on Tesla from $349.00 to $380.00 and gave the stock a "hold" rating in a report on Friday, October 24th. Bank of America lifted their price target on shares of Tesla from $341.00 to $471.00 and gave the company a "neutral" rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tesla from $440.00 to $470.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Thursday, October 30th. Finally, Evercore ISI upped their price objective on Tesla from $235.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $393.61.