Image from MarketBeat Media, LLC. Key Points Tesla shares rose 3.1% intraday after Mizuho raised its price target from $475 to $530 and kept an outperform rating; the stock traded as high as $491.50 on volume of about 104.9 million shares, ~6% above average. Analyst sentiment is mixed: the MarketBeat consensus is a "Hold" with an average target of $400.86 (1 Strong Buy, 20 Buy, 14 Hold, 9 Sell), highlighting divergence from Mizuho's bullish view. Insider selling was notable — Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares (~$1.17M), reducing insider ownership to 19.90% while institutions own 66.20%. MarketBeat Week in Review – 12/8 - 12/12 In related news, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 19.90% of the company's stock. Institutional Trading of Tesla Hedge funds have recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the second quarter worth $26,000. Chelsea Counsel Co. boosted its holdings in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new stake in Tesla in the 2nd quarter worth $29,000. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter valued at about $29,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Tesla in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Tesla Stock Performance