SpaceX $SPCX Shares Purchased by Fund Resources Investment Holding Group Co Ltd

Fund Resources Investment Holding Group Co Ltd boosted its stake in SpaceX (NASDAQ:SPCX) by 100.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. SpaceX makes up 1.7% of Fund Resources Investment Holding Group Co Ltd’s portfolio, making the stock its 5th largest position. Fund Resources Investment Holding Group Co Ltd’s holdings in SpaceX were worth $6,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Syntax Research Inc. acquired a new stake in SpaceX during the 2nd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in shares of SpaceX in the second quarter valued at approximately $29,000. PayPay Securities Corp acquired a new position in shares of SpaceX in the second quarter valued at approximately $30,000. Hickory Point Bank & Trust acquired a new position in shares of SpaceX in the third quarter valued at approximately $30,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of SpaceX during the third quarter worth approximately $30,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SPCX shares. Arete Research set a $450.00 price target on SpaceX in a report on Tuesday, August 11th. William Blair reissued an “outperform” rating on shares of SpaceX in a research note on Friday, October 9th. Weiss Ratings initiated coverage on shares of SpaceX in a research report on Tuesday, September 1st. They set a “sell (d)” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Wells Fargo & Company boosted their price target on shares of SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Four equities 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.60.

SpaceX Stock Up 8.6%

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

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

More SpaceX News

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

Insiders Place Their Bets

In other SpaceX 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 transaction 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 approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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.