COFG Advisors LLC Purchases New Holdings in Tesla, Inc. $TSLA

COFG Advisors LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,123 shares of the electric vehicle producer’s stock, valued at approximately $3,653,000. Tesla comprises about 0.9% of COFG Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in Tesla in the fourth quarter valued at approximately $17,128,100,000. Vanguard Group Inc. raised its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. Holocene Advisors LP raised its stake in Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock valued at $2,738,141,000 after buying an additional 3,505,000 shares during the period. Capital World Investors raised its stake in Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after buying an additional 2,403,019 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Tesla in the fourth quarter valued at approximately $748,084,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on TSLA. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Truist Financial dropped their price objective on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Tigress Financial began coverage on Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. Jefferies Financial Group restated a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. Finally, BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating in a research note on Monday, April 27th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $395.20.

Tesla Trading Down 4.6%

Shares of TSLA stock opened at $415.88 on Tuesday. The stock’s fifty day moving average price is $392.55 and its two-hundred day moving average price is $416.03. The company has a market cap of $1.56 trillion, a PE ratio of 381.54, a P/E/G ratio of 17.21 and a beta of 1.80. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Equities analysts predict that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported a sharp rebound in several European markets, including a 655% jump in registrations in France and more than a doubling of sales in Spain and Portugal, which supports the view that demand is recovering outside the U.S. Reuters: Tesla May registrations jump in several European markets as recovery continues
• Positive Sentiment: Prediction markets are now pricing in a better chance that Tesla could beat second-quarter delivery expectations after the strong European registration data, which could help sentiment ahead of the next delivery report. Benzinga: Tesla Registrations Surge 655% In France
• Positive Sentiment: Tesla backed off its termination threat in the Australian graphite supply dispute with Syrah Resources, reducing near-term supply-chain risk for battery materials. Reuters: Tesla withdraws termination notice on graphite supply deal with Australia’s Syrah
• Neutral Sentiment: Market commentary is increasingly focused on Tesla’s relationship to Elon Musk’s broader empire, with SpaceX IPO and merger chatter creating uncertainty about whether Tesla’s valuation will benefit from or be diluted by future corporate combinations. Fortune: A SpaceX-Tesla union would mark the largest merger of all time
• Neutral Sentiment: Analysts also pointed out that Tesla still screens as overvalued on traditional metrics, reinforcing the stock’s sensitivity to growth expectations rather than current earnings power. GuruFocus: Tesla Inc Stock Down 4.6% but Still Overvalued
• Negative Sentiment: TSLA is being hit by rising competition in AI and robotics, especially after OpenAI moved into humanoid robots and Nvidia executives highlighted robotics ambitions, which investors see as a challenge to Tesla’s Optimus narrative. TipRanks: Tesla Stock Falls on Robo Attack from Nvidia and OpenAI
• Negative Sentiment: Tesla’s China EV backdrop also looks tougher, with rival NIO posting a strong May delivery surge and BYD showing enough momentum to pressure Tesla’s competitive position in key global markets. 247WallSt: NIO Soars 7% … Tesla Sinks … as China EV Battle Intensifies

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,482 shares of company stock worth $21,508,331 in the last 90 days. 19.90% of the stock is currently owned by corporate insiders.

About Tesla

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.