Image from MarketBeat Media, LLC. Key Points Portus Wealth Advisors LLC initiated a new position in Tesla, buying 3,101 shares worth about $1.38 million in Q3, equal to 1.4% of its portfolio and its 20th-largest holding. Institutional investors own 66.20% of Tesla. Notably, Norges Bank bought a new stake of roughly $11.84 billion in Q2, while insiders sold 87,995 shares (~$38.3 million) last quarter, leaving insiders with 19.9% ownership. Tesla posted an EPS beat of $0.50 versus $0.45 and revenue of $24.9 billion (down 3.1% YoY), and analysts carry a consensus "Hold" rating with an average target of $406.84. MarketBeat Week in Review – 03/09 - 03/13 Other institutional investors and hedge funds have also modified their holdings of the company. Narwhal Capital Management increased its holdings in shares of Tesla by 32.8% during the 3rd 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 last quarter. Gamco Investors INC. ET AL lifted its holdings in Tesla by 29.6% in 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 during the last quarter. Norges Bank bought a new stake in Tesla during the second quarter worth approximately $11,839,824,000. China Universal Asset Management Co. Ltd. grew its holdings 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 purchasing an additional 3,935 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in 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 valued at $8,019,000 after purchasing an additional 3,724 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: