Image from MarketBeat Media, LLC. Key Points Surience Private Wealth LLC cut its Tesla stake by 52.4% in Q3, selling 5,018 shares and retaining 4,563 shares worth about $2.03M, which represents 1.9% of its portfolio. Notable insider selling occurred: CFO Vaibhav Taneja sold 2,637 shares (~$1.17M) and director Kimbal Musk sold 56,820 shares (~$25.6M), leaving insiders with roughly 19.9% ownership. Tesla trades at a high valuation (market cap ≈ $1.60T, PE 320.8) after beating recent quarterly EPS and revenue, and analysts' consensus is a Hold with a $404.14 target while the stock was trading near $481.20. MarketBeat Week in Review – 12/15 - 12/19 A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Chesley Taft & Associates LLC lifted its position in Tesla by 0.8% during the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer's stock valued at $1,387,000 after purchasing an additional 25 shares during the last quarter. Holos Integrated Wealth LLC raised its position in shares of Tesla by 10.8% during the 2nd quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer's stock valued at $102,000 after buying an additional 30 shares in the last quarter. Dominguez Wealth Management Solutions Inc. lifted its holdings in shares of Tesla by 4.5% in the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 704 shares of the electric vehicle producer's stock valued at $313,000 after acquiring an additional 30 shares during the last quarter. First Merchants Corp grew its position in Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after acquiring an additional 31 shares in the last quarter. Finally, Kaye Capital Management increased its stake in Tesla by 3.1% during the second quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer's stock worth $333,000 after acquiring an additional 31 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Get Tesla alerts: