Image from MarketBeat Media, LLC. Key Points Ibex Wealth Advisors trimmed its Tesla stake by 22.9% during Q3, selling 2,310 shares and ending the quarter with 7,765 shares worth $3.453 million. Large insider selling: Director Kathleen Wilson‑Thompson sold 25,731 shares at about $415.56 and CFO Vaibhav Taneja sold 2,637 shares, with insiders offloading 145,188 shares (~$64.2M) over the quarter while still owning 19.90% of the company. Mixed analyst view and rich valuation: the consensus rating is "Hold" with an average target of $408.09, while TSLA trades near $402.51 and shows a very high P/E (~373), reflecting elevated expectations and valuation risk. MarketBeat Week in Review – 02/23 - 02/27 Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Narwhal Capital Management increased its stake in shares of Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock valued at $4,232,000 after acquiring an additional 2,350 shares during the period. Norges Bank bought a new stake in shares of Tesla in the 2nd quarter worth $11,839,824,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Tesla by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock valued at $135,688,000 after buying an additional 22,607 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after buying an additional 3,935 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after purchasing an additional 3,724 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds. Get Tesla alerts: