IFG Advisory LLC Buys 4,554 Shares of Tesla, Inc. $TSLA

Key Points

• IFG Advisory increased its Tesla stake by 35% in the third quarter, buying 4,554 shares to hold 17,557 shares worth about $6.23 million.
• Tesla reported quarterly EPS of $0.48, topping estimates of $0.46, while revenue of $28.05 billion was slightly below consensus and down 0.2% year over year.
• Shares traded at $390.22, and analysts’ consensus rating was “Moderate Buy,” with an average price target of $414.51.

IFG Advisory LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 35.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,557 shares of the electric vehicle producer's stock after buying an additional 4,554 shares during the period. IFG Advisory LLC's holdings in Tesla were worth $6,229,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Forge Financial Services LLC grew its holdings in shares of Tesla by 8.9% during the third quarter. Forge Financial Services LLC now owns 663 shares of the electric vehicle producer's stock worth $235,000 after purchasing an additional 54 shares during the last quarter. Nelson Capital Management LLC increased its position in shares of Tesla by 9.2% during the third quarter. Nelson Capital Management LLC now owns 1,250 shares of the electric vehicle producer's stock worth $444,000 after purchasing an additional 105 shares in the last quarter. Access Financial Services Inc. lifted its holdings in shares of Tesla by 2.0% in the 3rd quarter. Access Financial Services Inc. now owns 5,055 shares of the electric vehicle producer's stock valued at $1,794,000 after purchasing an additional 100 shares during the last quarter. Phoenix Financial Ltd. lifted its holdings in shares of Tesla by 12.4% in the 3rd quarter. Phoenix Financial Ltd. now owns 68,449 shares of the electric vehicle producer's stock valued at $24,286,000 after purchasing an additional 7,564 shares during the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab boosted its position in shares of Tesla by 24.5% in the 3rd quarter. Danica Pension Livsforsikringsaktieselskab now owns 256,307 shares of the electric vehicle producer's stock valued at $90,940,000 after purchasing an additional 50,517 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Key Headlines Impacting Tesla

Investors following TSLA have been watching these headlines:

• Positive Sentiment: Finland’s provisional approval of Tesla’s driver-assistance system adds momentum to its European FSD expansion and could support future software revenue, though broader EU approval is still pending. Article: Finland approves Tesla driver assistance system
• Neutral Sentiment: Tesla’s robotaxi and autonomy plans remain a potential growth driver, but regulatory hurdles, costs and the challenge of building a profitable service leave execution uncertain. Article: Is Tesla Stock Worth Buying Now on Robotaxi and FSD Progress?
• Negative Sentiment: Tesla’s latest quarter showed flat year-over-year revenue, while SpaceX reportedly grew revenue 161%, raising questions about the relative growth and valuation of the businesses in a possible combination. GLJ Research also reaffirmed its sell rating. Article: Tesla and SpaceX Could Announce a Merger as Soon as December

Tesla Stock Performance

Shares of TSLA stock traded down $7.23 during trading hours on Friday, reaching $390.22. 32,239,788 shares of the company's stock were exchanged, compared to its average volume of 40,913,836. The company has a market cap of $1.54 trillion, a P/E ratio of 428.82, a price-to-earnings-growth ratio of 24.62 and a beta of 1.74. The company's 50 day moving average is $374.75 and its two-hundred day moving average is $383.05. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. Tesla's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of a number of research reports. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. TD Cowen assumed coverage on shares of Tesla in a research report on Monday, October 26th. They set a "hold" rating on the stock. Canaccord Genuity Group set a $442.00 target price on shares of Tesla and gave the company a "buy" rating in a report on Thursday, October 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, October 22nd. Finally, Barclays upgraded shares of Tesla from an "outperform" rating to an "overweight" rating and increased their price target for the stock from $370.00 to $450.00 in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of "Moderate Buy" and a consensus price target of $414.51.

Insider Buying and Selling

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 sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company's stock.

Tesla Company Profile

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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