SpaceX $SPCX Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in shares of SpaceX (NASDAQ:SPCX) by 120.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,520 shares of the company’s stock after purchasing an additional 122,773 shares during the period. Kestra Advisory Services LLC’s holdings in SpaceX were worth $33,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Viking Fund Management LLC acquired a new stake in shares of SpaceX during the third quarter valued at approximately $1,358,000. Diversify Advisory Services LLC boosted its stake in SpaceX by 34.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 48,477 shares of the company’s stock worth $7,205,000 after purchasing an additional 12,292 shares during the period. Avior Wealth Management LLC purchased a new position in SpaceX during the 3rd quarter worth approximately $2,934,000. Wedbush Securities Inc. purchased a new position in SpaceX during the 2nd quarter worth approximately $5,094,000. Finally, Apella Capital LLC raised its stake in SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock valued at $1,412,000 after purchasing an additional 5,777 shares during the period.

SpaceX Price Performance

SPCX traded up $10.65 during trading on Friday, reaching $134.27. 114,740,906 shares of the stock traded hands, compared to its average volume of 102,187,288. The firm’s 50-day moving average price is $149.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.00 and a current ratio of 3.08. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The stock has a market cap of $1.82 trillion and a PE ratio of 516.42.

SpaceX (NASDAQ:SPCX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.10 by $0.25. The business had revenue of $14.57 billion during the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The company’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.36) EPS. Research analysts anticipate that SpaceX will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SPCX. Evercore reaffirmed an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a research report on Friday, October 16th. Mizuho set a $205.00 price target on SpaceX in a research report on Wednesday, October 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of SpaceX in a research note on Monday, October 19th. Citigroup raised their price objective on SpaceX from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $245.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.60.

Insiders Place Their Bets

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 sale, the chief operating officer directly 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

SpaceX Profile

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.