Image from MarketBeat Media, LLC. Key Points New Age Alpha Advisors cut its Tesla stake by 5.5% in Q3 and now holds 41,398 shares worth $18.41 million, about 0.8% of its portfolio and its 14th largest holding. Big institutional activity: Norges Bank opened a large new position (~$11.84 billion), Vanguard increased its stake to 251.39M shares (~$79.86 billion), and institutions collectively own 66.20% of Tesla. Tesla beat quarterly EPS estimates ($0.50 vs $0.45) while revenue fell 3.1% year‑over‑year; the stock carries a high valuation (P/E ~372.7), an average analyst price target of $408.09 and a consensus rating of "Hold." Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal? Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the firm posted $0.73 earnings per share. Tesla's revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Upgrades and Downgrades A number of research firms have recently weighed in on TSLA. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Tesla from $500.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, January 30th. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the stock an "equal weight" rating in a research report on Thursday, January 29th. Wedbush reiterated an "outperform" rating and issued a $600.00 price target on shares of Tesla in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Tuesday, January 27th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and an average price target of $408.09.