SpaceX $SPCX Shares Newly Acquired by Nikulski Financial Inc.

Nikulski Financial Inc. bought a new stake in SpaceX (NASDAQ:SPCX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,811 shares of the company’s stock, valued at approximately $2,084,000.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of SpaceX by 13.1% in the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 4,522 shares of the company’s stock valued at $682,000 after acquiring an additional 522 shares during the period. Alphabet Inc. lifted its holdings in shares of SpaceX by 0.7% in the 3rd quarter. Alphabet Inc. now owns 555,043,560 shares of the company’s stock worth $83,733,871,000 after acquiring an additional 3,854,060 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of SpaceX by 48.3% during the 3rd quarter. CENTRAL TRUST Co now owns 5,121 shares of the company’s stock worth $773,000 after purchasing an additional 1,668 shares during the period. Fifth Third Bancorp boosted its position in shares of SpaceX by 409.6% during the 3rd quarter. Fifth Third Bancorp now owns 186,298 shares of the company’s stock worth $28,105,000 after purchasing an additional 149,738 shares during the period. Finally, Three Bridge Wealth Advisors LLC purchased a new position in shares of SpaceX during the 3rd quarter worth approximately $50,129,000.

Analysts Set New Price Targets

SPCX has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. TD Cowen raised their price target on SpaceX from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Arete Research set a $450.00 price target on SpaceX in a research report on Tuesday, August 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of SpaceX in a research note on Wednesday, August 26th. Finally, HSBC reiterated a “hold” rating on shares of SpaceX in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.60.

SpaceX Stock Performance

NASDAQ SPCX opened at $139.94 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.00 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.90 trillion and a price-to-earnings ratio of 538.23. The company has a 50 day simple moving average of $149.12. SpaceX has a one year low of $104.83 and a one year high of $225.64.

SpaceX (NASDAQ:SPCX) last announced its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. SpaceX’s quarterly revenue was up 161.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.36) earnings per share. Equities analysts predict that SpaceX will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key SpaceX News

Investors following SPCX have been watching these news items:

• Positive Sentiment: SpaceX plans to invest more than $74 billion in supercomputing campuses in Texas and Arizona—about $24 billion in Texas and $50 billion in Arizona. The projects could expand its AI infrastructure capacity and support a major growth area. Reuters article
• Positive Sentiment: Investors are also responding to speculation that former Nvidia CEO Jensen Huang could join SpaceX after Elon Musk said hiring him “would be an honor.” A move could bolster the company’s AI ambitions, but no hiring decision has been announced. Benzinga article
• Negative Sentiment: The data-center plans require enormous spending and face local approval and infrastructure questions. Analysts have also cautioned that SpaceX will need to work with Texas officials after recent election results to advance its projects, leaving timing and execution risks. Benzinga article

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions. SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.