Image from MarketBeat Media, LLC. Key Points Valmark Advisers reduced its stake in Tesla by 15.7%, selling 3,032 shares in Q3 and leaving 16,286 shares valued at $7,243,000. Insider selling was heavy last quarter—CFO Vaibhav Taneja sold 2,637 shares and director Kimbal Musk sold 56,820 shares, with insiders disposing of 119,457 shares worth $53.5M overall (insiders now own 19.90%). Analyst sentiment is mixed but neutral overall: MarketBeat shows a consensus rating of "Hold" with an average price target of $408.54 amid a wide spread of Buy/Hold/Sell opinions. This ETF Is Proof That the Healthcare Rebound Is Real Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its position in Tesla by 0.4% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer's stock valued at $2,916,000 after acquiring an additional 23 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of Tesla by 0.8% in the 3rd quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer's stock worth $1,387,000 after purchasing an additional 25 shares in the last quarter. KRS Capital Management LLC raised its stake in shares of Tesla by 1.2% in the third quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer's stock worth $905,000 after purchasing an additional 25 shares during the last quarter. DecisionMap Wealth Management LLC lifted its holdings in shares of Tesla by 1.0% during the third quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer's stock valued at $1,126,000 after purchasing an additional 25 shares in the last quarter. Finally, Lakeridge Wealth Management LLC boosted its position in shares of Tesla by 1.0% during the third quarter. Lakeridge Wealth Management LLC now owns 2,585 shares of the electric vehicle producer's stock valued at $1,149,000 after buying an additional 25 shares during the last quarter. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: