4,261 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Rezny Wealth Management Inc.

Rezny Wealth Management Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,261 shares of the electric vehicle producer’s stock, valued at approximately $1,721,000. Tesla comprises approximately 0.4% of Rezny Wealth Management Inc.’s holdings, making the stock its 20th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Ballentine Partners LLC increased its position in shares of Tesla by 31.6% during the fourth quarter. Ballentine Partners LLC now owns 37,447 shares of the electric vehicle producer’s stock worth $15,123,000 after buying an additional 8,992 shares during the period. ZWJ Investment Counsel Inc. boosted its position in Tesla by 2.2% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 7,729 shares of the electric vehicle producer’s stock valued at $3,121,000 after acquiring an additional 165 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Tesla by 2.5% during the 4th quarter. Pure Financial Advisors LLC now owns 24,554 shares of the electric vehicle producer’s stock worth $9,916,000 after acquiring an additional 599 shares during the period. Gemmer Asset Management LLC raised its position in shares of Tesla by 6.0% in the 4th quarter. Gemmer Asset Management LLC now owns 5,129 shares of the electric vehicle producer’s stock worth $2,071,000 after acquiring an additional 290 shares in the last quarter. Finally, Lee Johnson Capital Management LLC lifted its stake in shares of Tesla by 1.7% in the 4th quarter. Lee Johnson Capital Management LLC now owns 16,385 shares of the electric vehicle producer’s stock valued at $6,617,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $40,775,792.65. This represents a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 617,886 shares of company stock worth $212,451,751. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 2.1 %

Tesla stock opened at $415.11 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.33 trillion, a P/E ratio of 113.73, a P/E/G ratio of 8.60 and a beta of 2.30. The firm has a 50 day moving average price of $393.38 and a 200-day moving average price of $291.27. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Tesla, Inc. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSLA. Canaccord Genuity Group lifted their target price on Tesla from $298.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Wedbush increased their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Tesla from $411.00 to $492.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial reissued a “hold” rating and set a $360.00 price objective on shares of Tesla in a research report on Thursday, January 2nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $309.48.

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.