Image from MarketBeat Media, LLC. Key Points State of Alaska Department of Revenue reduced its Tesla stake by 4.2% in Q3 and now holds 347,076 shares worth $154,350,000, representing 1.6% of its portfolio and the fund's 9th largest holding. Corporate insiders have been selling recently — Director Kimbal Musk sold 56,820 shares (~$25.6M) and insiders sold a total of 119,457 shares (~$53.5M) over the last three months, though insiders still own 19.9% of the company. Tesla trades at a high valuation (market cap $1.48T, P/E ~297), recently beat quarterly revenue and EPS estimates, and carries an average Wall Street rating of "Hold" with an average price target of $408.54. MarketBeat Week in Review – 01/05 - 01/09 Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analyst Weigh In A number of brokerages have commented on TSLA. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the company an "overweight" rating in a research note on Thursday, October 23rd. Piper Sandler reiterated an "overweight" rating and issued a $500.00 target price on shares of Tesla in a report on Thursday. UBS Group restated a "sell" rating and set a $247.00 price target on shares of Tesla in a research note on Monday, January 5th. Truist Financial dropped their price objective on shares of Tesla from $444.00 to $439.00 and set a "hold" rating on the stock in a research note on Friday, January 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Tesla from $400.00 to $420.00 in a report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $408.54.