Cadent Capital Advisors LLC Sells 4,732 Shares of Tesla, Inc. $TSLA

Key Points

• Cadent Capital Advisors reduced its Tesla stake by 36.7% in the third quarter, selling 4,732 shares and retaining 8,173 shares valued at approximately $2.9 million.
• Institutional investors own 66.2% of Tesla, with several major firms—including Corient Private Wealth, Legal & General, and Bank of New York Mellon—recently increasing or initiating positions.
• Analysts maintain a generally cautious outlook, with Tesla receiving an average “Hold” rating and a consensus price target of $412.19; the stock recently traded at $382.75 despite a very high P/E ratio of 354.40.

Cadent Capital Advisors LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 36.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,173 shares of the electric vehicle producer's stock after selling 4,732 shares during the quarter. Cadent Capital Advisors LLC's holdings in Tesla were worth $2,900,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC grew its position in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after buying an additional 20,810,386 shares during the period. Legal & General Group Plc purchased a new stake in shares of Tesla during the 2nd quarter worth about $8,535,612,000. Bank of New York Mellon Corp acquired a new stake in shares of Tesla during the 2nd quarter valued at about $6,083,630,000. Deutsche Bank AG purchased a new position in shares of Tesla in the 2nd quarter valued at about $4,039,090,000. Finally, Canada Pension Plan Investment Board acquired a new position in Tesla in the 2nd quarter worth about $3,144,509,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer restated a "market perform" rating on shares of Tesla in a research report on Monday, September 21st. Citigroup reaffirmed a "market perform" rating on shares of Tesla in a report on Wednesday, September 16th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a research report on Monday, July 27th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Tesla in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $412.19.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China and European demand improved. Tesla’s China-made vehicle sales rose 5% year over year in September, accelerating from August’s 3.6% gain, while European demand showed signs of recovery. The data supports hopes that Tesla’s recent delivery rebound can continue. Reuters article on Tesla China-made EV sales
• Positive Sentiment: Europe may be moving closer to broader approval of Tesla’s assisted-driving software. Tesla replaced the “Full Self-Driving” name in Europe with “Tesla Assisted Driving” amid regulatory concerns, while Germany backed faster European Union approval. The change could reduce regulatory friction and eventually expand Tesla’s software-subscription opportunity, although approval remains unresolved. Benzinga article on Tesla’s European assisted-driving rebrand
• Positive Sentiment: Commercial vehicle and charging initiatives added to the growth narrative. Tesla secured an order for 50 Semi trucks from IMC Logistics and opened its first Pilot Megacharger site, with three additional locations planned. These developments could support Tesla’s long-term heavy-duty transportation and energy-infrastructure businesses. Business Wire article on Tesla and Pilot Megachargers
• Neutral Sentiment: Upcoming earnings remain the next major catalyst. Tesla’s third-quarter report is expected later this month. Analysts reportedly anticipate a double-digit profit decline, making automotive margins, cash spending and the performance of energy storage and AI investments more important than deliveries alone. Barchart Tesla earnings preview
• Negative Sentiment: Valuation and spending continue to concern investors. Commentary highlighted Tesla’s unusually high valuation, falling earnings and accelerating capital expenditures as risks. With the company pursuing costly AI, autonomy and semiconductor projects, weaker margins or cash flow could pressure the stock.

Tesla Trading Up 2.1%

NASDAQ:TSLA traded up $7.75 during trading hours on Friday, hitting $382.75. The company had a trading volume of 27,914,555 shares, compared to its average volume of 51,231,723. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a market cap of $1.51 trillion, a P/E ratio of 354.40, a P/E/G ratio of 20.56 and a beta of 1.92. The company has a 50-day moving average of $354.18 and a 200 day moving average of $377.19. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company's revenue was up 25.5% compared to the same quarter last year. Sell-side analysts expect that Tesla, Inc. will post 0.83 earnings per share for the current year.

About Tesla

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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