Image from MarketBeat Media, LLC. Key Points Kesler Norman & Wride LLC increased its Tesla stake by 90.5% in Q3 to 3,180 shares valued at about $1.414 million, while several other funds also raised positions and institutional investors now own roughly 66.2% of TSLA. Insider selling has been significant: Director Kimbal Musk sold 56,820 shares and James R. Murdoch sold 60,000 shares, with insiders offloading 119,457 shares worth about $53.5 million over the last 90 days (insiders still own ~19.9%). Tesla shares trade near $445 with a market cap of about $1.48 trillion and a high valuation (PE ~297); analysts are mixed, leaving a MarketBeat consensus rating of "Hold" with a $408.54 target. This ETF Is Proof That the Healthcare Rebound Is Real Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Brighton Jones LLC raised its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC raised its stake in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after acquiring an additional 3,558 shares during the period. Jones Financial Companies Lllp lifted its holdings in Tesla by 55.3% in the first quarter. Jones Financial Companies Lllp now owns 239,337 shares of the electric vehicle producer's stock worth $63,064,000 after acquiring an additional 85,208 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in Tesla in the second quarter valued at approximately $282,000. 66.20% of the stock is owned by institutional investors and hedge funds. Get Tesla alerts: