Image from MarketBeat Media, LLC. Key Points PFG Private Wealth Management opened a new position in Tesla, buying 7,529 shares worth about $3.35 million in Q3, making TSLA roughly 1.5% of the firm's holdings and its 23rd largest holding. Corporate insiders have been net sellers recently—CFO Vaibhav Taneja sold 2,637 shares and Director Kimbal Musk sold 56,820 shares, with insiders offloading 119,457 shares (~$53.5 million) over the past 90 days while still owning about 19.9% of the company. Tesla trades at a market capitalization near $1.61 trillion with a very high P/E (~397), and analysts' consensus is a "Hold" with an average price target of $403.92, signaling mixed sentiment on valuation and near-term prospects. Tesla P/E Hits 400: 2 Reasons It's Still a Buy, 1 to Avoid Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year. Analysts Set New Price Targets TSLA has been the topic of several recent analyst reports. President Capital reduced their target price on Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, January 30th. UBS Group increased their price objective on shares of Tesla from $307.00 to $352.00 and gave the company a "sell" rating in a research report on Thursday, January 29th. Evercore lifted their target price on shares of Tesla from $235.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 29th. The Goldman Sachs Group restated a "neutral" rating and set a $405.00 price target on shares of Tesla in a research note on Thursday, January 29th. Finally, BNP Paribas Exane boosted their price objective on shares of Tesla from $307.00 to $313.00 in a report on Monday, December 1st. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $403.92.