Image from MarketBeat Media, LLC. Key Points Roberts Capital Advisors LLC cut its Tesla stake by 69.8% in the third quarter, trimming to 3,439 shares worth $1.529 million, roughly 1.7% of the firm's portfolio and its 14th largest holding. Mixed insider and institutional activity: insiders sold 87,995 shares (~$38.3M) in the last 90 days (including CFO Vaibhav Taneja and director Kathleen Wilson‑Thompson), while several institutions such as Narwhal, Gamco and Norges Bank added or opened sizeable positions. Analyst and financial snapshot: Tesla carries a consensus "Hold" rating with an average price target of $406.84, recently reported EPS of $0.50 (vs. $0.45 expected) on $24.90B revenue (down 3.1% y/y), and trades with a $1.53T market cap and ~377.6 P/E. 3 ETFs to Avoid as Oil Shock Hits Markets Other institutional investors also recently added to or reduced their stakes in the company. Narwhal Capital Management boosted its stake in shares of Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock valued at $4,232,000 after buying an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after purchasing an additional 7,446 shares in the last quarter. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter worth $11,839,824,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Tesla by 5.6% in the 2nd 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 purchasing an additional 22,607 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Tesla by 8.8% in the 3rd 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 purchasing an additional 3,935 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: