Astra Wealth Partners LLC Purchases New Position in Tesla, Inc. (NASDAQ:TSLA)

Astra Wealth Partners LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,092 shares of the electric vehicle producer's stock, valued at approximately $441,000.

A number of other hedge funds have also modified their holdings of TSLA. Principal Financial Group Inc. raised its holdings in Tesla by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after acquiring an additional 194,796 shares during the period. United Bank purchased a new stake in shares of Tesla during the third quarter worth about $287,000. Janus Henderson Group PLC lifted its holdings in Tesla by 4.6% in the 3rd quarter. Janus Henderson Group PLC now owns 444,091 shares of the electric vehicle producer's stock worth $116,184,000 after purchasing an additional 19,342 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Tesla in the 3rd quarter worth approximately $13,516,000. Finally, Mission Creek Capital Partners Inc. boosted its position in shares of Tesla by 18.9% during the third quarter. Mission Creek Capital Partners Inc. now owns 2,202 shares of the electric vehicle producer's stock worth $576,000 after acquiring an additional 350 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSLA. The Goldman Sachs Group cut their price objective on Tesla from $320.00 to $275.00 and set a "neutral" rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Tesla from $135.00 to $120.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. New Street Research raised shares of Tesla from a "neutral" rating to a "buy" rating and set a $460.00 target price for the company in a report on Monday, January 6th. Truist Financial dropped their price objective on shares of Tesla from $373.00 to $280.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Royal Bank of Canada lowered their price target on shares of Tesla from $440.00 to $320.00 and set an "outperform" rating for the company in a report on Tuesday, March 18th. Eight equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $305.31.

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Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $384.04, for a total transaction of $43,162,255.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $32,643,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,228 shares of company stock worth $122,791,123 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Trading Down 4.5 %

Shares of NASDAQ TSLA traded down $10.74 during trading on Monday, reaching $228.69. The stock had a trading volume of 110,308,387 shares, compared to its average volume of 94,352,562. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market cap of $735.59 billion, a P/E ratio of 111.61, a PEG ratio of 5.86 and a beta of 2.58. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The business's 50-day moving average price is $305.98 and its 200-day moving average price is $324.24.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.