Image from MarketBeat Media, LLC. Key Points Momentum Wealth Planning LLC bought a new stake of 9,802 Tesla shares in Q2 valued at about $3.11 million, making TSLA roughly 2.7% of its portfolio and its 11th-largest holding. Large institutional moves include Norges Bank adding a new ~<$11.84 billion> stake and Vanguard holding 251.4 million shares (~$79.86 billion), with institutional investors owning 66.20% of Tesla while insiders hold 19.90% and recent insider sales (CFO Vaibhav Taneja and director Kimbal Musk) reduced insider stakes. Analysts have a consensus rating of "Hold" with an average price target of $399.33, while TSLA trades around $475.31 and the company has a market cap of about $1.58 trillion and a P/E near 317. Market Momentum: 3 Stocks Poised for Major Breakouts Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same period last year, the business posted $0.72 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. As a group, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Insider Activity In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of Tesla 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 transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 19.90% of the company's stock. Tesla Profile