NBZ Investment Advisors LLC Buys 5,117 Shares of SpaceX $SPCX

NBZ Investment Advisors LLC grew its stake in SpaceX (NASDAQ:SPCX) by 327.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,678 shares of the company’s stock after acquiring an additional 5,117 shares during the quarter. NBZ Investment Advisors LLC’s holdings in SpaceX were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Syntax Research Inc. bought a new position in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in SpaceX during the second quarter valued at approximately $29,000. PayPay Securities Corp bought a new stake in SpaceX in the second quarter valued at approximately $30,000. Hickory Point Bank & Trust bought a new stake in SpaceX in the third quarter valued at approximately $30,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in SpaceX in the third quarter worth $30,000.

Insider Activity

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Trading Down 3.8%

Shares of NASDAQ SPCX opened at $135.92 on Thursday. The business has a fifty day moving average of $149.64. The firm has a market cap of $1.85 trillion and a price-to-earnings ratio of 522.77. 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 1-year low of $104.83 and a 1-year high of $225.64.

SpaceX (NASDAQ:SPCX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.25. The firm 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%. The business’s revenue for the quarter was up 161.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.36) EPS. Equities research analysts forecast that SpaceX will post 0.19 EPS for the current year.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX selected Qualcomm to provide 5G network technology for Starlink Mobile, supporting its plan to build a nationwide wireless service and potentially opening a new revenue stream. SpaceX selects Qualcomm for Starlink Mobile
• Neutral Sentiment: Recent results showed strong momentum: third-quarter revenue rose 161%, while the Super Intelligence segment grew rapidly. However, the AI build-out requires heavy investment, and the eventual returns remain uncertain. SPCX cloud growth reshapes earnings after Q3 beat
• Negative Sentiment: Democratic gains in Congress and key state races have raised concerns about tougher oversight of AI data centers and potential obstacles to SpaceX’s infrastructure plans. The election outcome has also increased uncertainty around a possible SpaceX–Tesla merger. Why SpaceX stock is down today
• Negative Sentiment: Investors also face concerns about elevated spending, execution risks and a valuation that depends heavily on future growth. Commentary on the AI data-center opportunity notes that substantial profits may take time to materialize. SpaceX stock can get a lift from the Anthropic IPO, but remains unappealing

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPCX. Argus raised shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Friday, August 7th. UBS Group restated an “overweight” rating and issued a $300.00 price objective on shares of SpaceX in a research report on Wednesday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of SpaceX in a research note on Wednesday, October 21st. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Finally, Evercore reiterated an “outperform” rating and set a $275.00 target price on shares of SpaceX in a report on Friday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and an average target price of $244.97.

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.