Brickley Wealth Management Buys 1,837 Shares of Tesla, Inc. (NASDAQ:TSLA)

Brickley Wealth Management increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 207.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,723 shares of the electric vehicle producer’s stock after acquiring an additional 1,837 shares during the quarter. Tesla comprises approximately 0.2% of Brickley Wealth Management’s holdings, making the stock its 26th largest holding. Brickley Wealth Management’s holdings in Tesla were worth $722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Axiom Financial Strategies LLC increased its position in Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after acquiring an additional 164,789 shares during the period. MAS Advisors LLC increased its holdings in Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after buying an additional 81 shares during the period. Ergoteles LLC increased its holdings in Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after buying an additional 893 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Tesla by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after buying an additional 4,593 shares during the period. Institutional investors own 43.00% of the company’s stock.

Insider Activity

In other news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Zachary Kirkhorn sold 3,752 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the sale, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at $21,906,926.41. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 in the last ninety days. 25.10% of the stock is owned by insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $133.42 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The stock has a market cap of $421.31 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 1.10 and a beta of 2.02. The stock has a 50-day moving average of $150.72 and a 200-day moving average of $221.87. Tesla, Inc. has a one year low of $101.81 and a one year high of $384.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TSLA shares. Oppenheimer lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, December 19th. Canaccord Genuity Group lowered their price target on shares of Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 22nd. Citigroup lowered their price target on shares of Tesla from $176.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, January 13th. StockNews.com began coverage on shares of Tesla in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group lowered their target price on shares of Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, January 17th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $218.29.

Tesla Company Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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