Astoria Portfolio Advisors LLC. Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Astoria Portfolio Advisors LLC. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,613 shares of the electric vehicle producer’s stock after buying an additional 67 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Tesla were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC grew its stake in Tesla by 9.2% in the first quarter. Kathmere Capital Management LLC now owns 1,177 shares of the electric vehicle producer’s stock valued at $207,000 after purchasing an additional 99 shares during the last quarter. DeDora Capital Inc. grew its stake in Tesla by 3.7% in the first quarter. DeDora Capital Inc. now owns 19,150 shares of the electric vehicle producer’s stock valued at $3,366,000 after purchasing an additional 685 shares during the last quarter. Register Financial Advisors LLC grew its stake in Tesla by 32.7% in the first quarter. Register Financial Advisors LLC now owns 1,677 shares of the electric vehicle producer’s stock valued at $295,000 after purchasing an additional 413 shares during the last quarter. Capital Asset Advisory Services LLC grew its stake in Tesla by 25.4% in the first quarter. Capital Asset Advisory Services LLC now owns 20,396 shares of the electric vehicle producer’s stock valued at $3,363,000 after purchasing an additional 4,130 shares during the last quarter. Finally, Howard Financial Services LTD. grew its stake in Tesla by 22.1% in the first quarter. Howard Financial Services LTD. now owns 4,864 shares of the electric vehicle producer’s stock valued at $855,000 after purchasing an additional 882 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.2 %

Tesla stock opened at $197.88 on Friday. The stock has a market capitalization of $631.08 billion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 4.91 and a beta of 2.32. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The business has a 50 day simple moving average of $177.80 and a 200-day simple moving average of $191.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. On average, analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock worth $19,285,643 over the last three months. 25.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Guggenheim reiterated a “sell” rating and issued a $126.00 target price on shares of Tesla in a research note on Tuesday, June 25th. Barclays lowered their price target on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Royal Bank of Canada lowered their price target on Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a report on Thursday, June 20th. Piper Sandler reissued an “overweight” rating and issued a $205.00 price target on shares of Tesla in a report on Monday, April 22nd. Finally, Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $187.30.

Tesla Company Profile

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.