Key Points Tesla shares increased by 2.5% on Friday, with the stock trading at $439.31 after reaching a high of $441.46. Several analysts have given mixed ratings for Tesla, with two recommending a Strong Buy, while the average price target stands at $363.54. Insider transactions revealed significant selling, with Director James R. Murdoch offloading 120,000 shares for approximately $42 million. Lithium Americas: Why This 31% Rally Is More Than Just a Headline In related news, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is owned by insiders. Hedge Funds Weigh In On Tesla Several institutional investors and hedge funds have recently bought and sold shares of the company. Lpwm LLC boosted its holdings in Tesla by 44.4% in the 3rd quarter. Lpwm LLC now owns 2,101 shares of the electric vehicle producer's stock valued at $934,000 after purchasing an additional 646 shares during the last quarter. Constitution Capital LLC acquired a new position in shares of Tesla in the 3rd quarter worth approximately $365,000. Nixon Peabody Trust Co. lifted its holdings in shares of Tesla by 19.5% in the 3rd quarter. Nixon Peabody Trust Co. now owns 1,217 shares of the electric vehicle producer's stock worth $541,000 after acquiring an additional 199 shares during the last quarter. Atlas Brown Inc. lifted its holdings in shares of Tesla by 1.5% in the 3rd quarter. Atlas Brown Inc. now owns 2,801 shares of the electric vehicle producer's stock worth $1,246,000 after acquiring an additional 42 shares during the last quarter. Finally, Petros Family Wealth LLC lifted its holdings in shares of Tesla by 2.2% in the 3rd quarter. Petros Family Wealth LLC now owns 3,163 shares of the electric vehicle producer's stock worth $1,407,000 after acquiring an additional 68 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Company Profile