SpaceX $SPCX Stock Acquired by Privium Fund Management B.V.

Privium Fund Management B.V. lifted its holdings in SpaceX (NASDAQ:SPCX – Free Report) by 525.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 210,000 shares during the quarter. SpaceX accounts for approximately 7.2% of Privium Fund Management B.V.’s investment portfolio, making the stock its 4th largest position. Privium Fund Management B.V.’s holdings in SpaceX were worth $37,715,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPCX. Keyes Stange & Wooten Wealth Management LLC purchased a new position in shares of SpaceX in the 3rd quarter worth approximately $258,000. Droms Strauss Advisors Inc. MO ADV purchased a new stake in SpaceX during the 3rd quarter valued at $234,000. Alps Advisors Inc. raised its holdings in SpaceX by 318.6% during the 3rd quarter. Alps Advisors Inc. now owns 25,914 shares of the company’s stock valued at $3,909,000 after buying an additional 19,723 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in SpaceX by 439.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 14,402 shares of the company’s stock worth $2,173,000 after buying an additional 11,730 shares during the last quarter. Finally, Canvas Wealth Advisors LLC lifted its position in SpaceX by 286.1% in the third quarter. Canvas Wealth Advisors LLC now owns 58,699 shares of the company’s stock worth $8,446,000 after buying an additional 43,495 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. HSBC reissued a “hold” rating on shares of SpaceX in a research note on Wednesday, October 21st. Erste Group Bank assumed coverage on shares of SpaceX in a report on Thursday, October 8th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $235.00 price objective on shares of SpaceX in a research report on Monday, September 28th. KeyCorp reissued a “sector weight” rating on shares of SpaceX in a research note on Wednesday, October 21st. Finally, Piper Sandler restated a “neutral” rating on shares of SpaceX in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.60.

View Our Latest Analysis on SPCX

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

Insider Transactions at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction dated 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 sale, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 8.6%

Shares of SPCX traded up $10.65 during trading hours on Friday, reaching $134.27. 114,740,906 shares of the company traded hands, compared to its average volume of 102,187,288. The company has a market capitalization of $1.82 trillion and a PE ratio of 516.42. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a 12-month low of $104.83 and a 12-month high of $225.64. The stock has a fifty day simple moving average of $149.18.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly 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 company had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. SpaceX’s revenue for the quarter was up 161.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.36) earnings per share. As a group, research analysts predict that SpaceX will post 0.19 EPS for the current fiscal year.

About SpaceX

(Free Report)

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.

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Institutional Ownership by Quarter for SpaceX (NASDAQ:SPCX)

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