Cooper Financial Group Cuts Stake in Tesla, Inc. $TSLA

Key Points

• Cooper Financial Group reduced its Tesla stake by 5% in the third quarter, selling 1,877 shares and retaining 35,654 shares valued at approximately $12.65 million. Tesla represents 1% of the fund’s portfolio, while institutional investors collectively own 66.2% of the company.
• Tesla’s CFO Vaibhav Taneja sold 2,606 shares worth about $938,500 to cover tax obligations tied to vested equity awards. Insiders own approximately 19.9% of Tesla.
• Tesla shares recently traded near $377.75, while analysts maintain a consensus “Hold” rating with an average price target of $412.19; the company’s latest quarterly revenue exceeded expectations, but earnings per share missed estimates.

Cooper Financial Group reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,654 shares of the electric vehicle producer's stock after selling 1,877 shares during the period. Tesla comprises 1.0% of Cooper Financial Group's portfolio, making the stock its 21st biggest position. Cooper Financial Group's holdings in Tesla were worth $12,650,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rhodes Investment Advisors Inc. ADV increased its holdings in Tesla by 3.4% during the third quarter. Rhodes Investment Advisors Inc. ADV now owns 1,309 shares of the electric vehicle producer's stock valued at $464,000 after buying an additional 43 shares during the period. Echo45 Advisors LLC increased its holdings in shares of Tesla by 13.5% in the 3rd quarter. Echo45 Advisors LLC now owns 1,486 shares of the electric vehicle producer's stock valued at $527,000 after acquiring an additional 177 shares during the period. MFA Wealth Advisors LLC raised its position in shares of Tesla by 2.5% in the 3rd quarter. MFA Wealth Advisors LLC now owns 8,492 shares of the electric vehicle producer's stock worth $3,013,000 after acquiring an additional 210 shares in the last quarter. North Point Portfolio Managers Corp OH purchased a new stake in shares of Tesla during the 3rd quarter worth $132,000. Finally, Strong Retirement Solutions LLC lifted its stake in shares of Tesla by 8.6% during the 3rd quarter. Strong Retirement Solutions LLC now owns 4,092 shares of the electric vehicle producer's stock worth $1,452,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

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

Tesla Stock Performance

Shares of TSLA stock traded down $2.93 during mid-day trading on Wednesday, reaching $377.75. The stock had a trading volume of 25,516,788 shares, compared to its average volume of 51,476,348. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 349.77, a PEG ratio of 20.23 and a beta of 1.92. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business's fifty day moving average is $352.86 and its 200-day moving average is $377.14.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Friday, September 4th. Piper Sandler started coverage on shares of Tesla in a report on Monday, September 14th. They issued an "overweight" rating on the stock. UBS Group reissued a "buy" rating and issued a $391.00 price objective (up from $385.00) on shares of Tesla in a research report on Wednesday. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the company a "buy" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $412.19.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Better-than-expected third-quarter deliveries: Tesla delivered approximately 486,532 vehicles, beating expectations by about 25,000 units. The second consecutive quarterly beat suggests demand may be stabilizing after declines in 2024 and 2025 and helped support the recent rally. Tesla's Third-Quarter Deliveries Beat Expectations
• Positive Sentiment: UBS raised its price target: UBS maintained a Buy rating and lifted its target from $385 to $391, describing Tesla’s risk/reward as tactically favorable. The bullish case centers on improving auto demand and longer-term growth from FSD, robotaxis and AI. UBS Flags a Bullish Setup in Tesla Stock
• Positive Sentiment: Germany supports faster FSD approval: Germany’s transport minister backed prompt approval of Tesla’s supervised FSD system across the European Union, potentially expanding the technology’s addressable market. Tesla is also scheduled to display its Cybercab at the Paris Motor Show, increasing visibility for its robotaxi strategy. Musk Welcomes German Backing for Tesla Driver Assistance Technology
• Neutral Sentiment: India remains a long-term opportunity: Tesla sold fewer than 1,000 vehicles in its first 12 months in India, but recent company initiatives could improve market penetration. The immediate revenue impact appears limited. Tesla Sold Less Than 1,000 EVs in India
• Negative Sentiment: Regulatory and valuation risks offset the bullish news: The broader EU FSD decision was delayed, while a Reuters investigation said Tesla pressured regulators to narrow or accelerate reviews amid safety and liability concerns. Separately, prominent Tesla bull Gary Black called the shares expensive even assuming strong earnings growth, and Goldman Sachs remains cautious ahead of the October 21 earnings report. Tesla Pressured European Regulators Over FSD Approval

Tesla Profile

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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