Image from MarketBeat Media, LLC. Key Points Elevation Point Wealth Partners LLC cut its Tesla stake by 25.5% in the third quarter, selling 3,598 shares and ending the period with 10,487 shares worth $4,664,000. Other institutions were active: Narwhal, Gamco and China Universal increased holdings, while Norges Bank bought a new stake valued at roughly $11.84 billion, leaving institutional investors and hedge funds with about 66.20% ownership. Insiders have been net sellers recently — including CFO Vaibhav Taneja and Director James R. Murdoch — with 87,995 shares sold (~$38.3 million) in the last three months; insiders now own 19.90% of the company. 3 ETFs to Avoid as Oil Shock Hits Markets TSLA stock opened at $391.20 on Monday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a market capitalization of $1.47 trillion, a PE ratio of 362.22, a price-to-earnings-growth ratio of 11.57 and a beta of 1.89. The business has a 50 day simple moving average of $419.98 and a 200-day simple moving average of $426.02. Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 87,995 shares of company stock valued at $38,315,650 in the last three months. 19.90% of the stock is currently owned by insiders. Tesla Profile