Key Points CFO Vaibhav Taneja sold 2,637 shares on Dec. 8 at an average of $443.93 for a total of $1,170,643.41, reducing his ownership by 16.09% to 13,757 shares (valued at about $6.11M). Tesla's most recent quarter (reported Oct. 23) beat estimates with $0.50 EPS vs. $0.48 and revenue of $28.10B (vs. $24.98B), a 11.6% year-over-year revenue increase. The stock trades near $445 with a market cap of roughly $1.48T and a P/E around 297, while analysts' consensus is a Hold with an average price target of $399.33. Tesla, Inc. (NASDAQ:TSLA - Get Free Report) CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares of the company's stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Tesla Stock Up 1.3% 3 Signs Tesla Is Starting December on the Front Foot A number of institutional investors have recently bought and sold shares of TSLA. Painted Porch Advisors LLC grew its stake in Tesla by 80.4% during the 3rd quarter. Painted Porch Advisors LLC now owns 956 shares of the electric vehicle producer's stock valued at $425,000 after acquiring an additional 426 shares in the last quarter. MRP Capital Investments LLC boosted its holdings in shares of Tesla by 2.2% during the third quarter. MRP Capital Investments LLC now owns 5,638 shares of the electric vehicle producer's stock worth $2,507,000 after purchasing an additional 120 shares during the period. IFP Advisors Inc grew its position in Tesla by 4.3% during the third quarter. IFP Advisors Inc now owns 22,630 shares of the electric vehicle producer's stock valued at $10,065,000 after purchasing an additional 926 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Tesla by 7.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 862,544 shares of the electric vehicle producer's stock valued at $383,591,000 after buying an additional 56,565 shares during the period. Finally, Steadtrust LLC acquired a new stake in shares of Tesla during the 3rd quarter valued at $592,000. 66.20% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth TSLA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. HSBC reaffirmed a "reduce" rating on shares of Tesla in a report on Monday, November 17th. Baird R W raised Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Barclays reaffirmed a "neutral" rating and set a $350.00 target price on shares of Tesla in a report on Monday, December 1st. Finally, Cowen reissued a "buy" rating on shares of Tesla in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $399.33.